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Affordable Housing in Select U.S. Cities
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A recent report by Clever Real Estate highlighted six U.S. cities where median home prices are affordable for median income earners, with Pittsburgh, Pennsylvania at the forefront. These cities adhere to the 28/36 rule, indicating that housing costs should not exceed 28% of monthly income. This limited selection provides viable options for buyers looking for affordable housing.
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How do these affordable housing trends impact the overall real estate market in the U.S.?
How might the availability of affordable housing in specific cities influence migration patterns and economic growth?
What measures could other cities implement to make housing more affordable for median income earners?
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