
Washington DC Home Prices Skyrocketing, Edging Out Middle and Lower Class Homeowners
Home prices in Washington, D.C. have skyrocketed so high that lower and middle income families are being priced out of the area, a new report finds.

Home prices in Washington, D.C. have skyrocketed so high that lower and middle income families are being priced out of the area, a new report finds.

According to the California Realtors’ home ownership affordability report, only 28 percent of Los Angeles residents can afford to buy a home in Los Angeles, due to the combination of low inventory and the fact that the Dodd-Frank Consumer Protection Act made it much harder for immigrants and first-time buyers to qualify for a loan.