Reese highlighted the steep rise in home prices in Las Vegas, stating that "if you don't have between $600,000 and $800,000, you're not buying a house out there." This reflects the growing unaffordability crisis in many metropolitan areas.
An analysis by the National Association of Realtors indicates that despite past affordability, as of this year, no U.S. state meets the criteria for overall home affordability, a stark change from prior years.
The article identifies Youngstown, Ohio as one of the last metros where families can find affordable single-family homes, illustrating a shift from urban centers to less populated areas due to rising housing costs.
The National Association of Realtors assigns affordability scores to states, showing that even states like Iowa and West Virginia no longer meet the criteria, emphasizing the national trend of escalating housing prices.
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