Analysis: Falling home sales not helping middle-class buyers

Home sales in many areas of the country have dipped, and prices gains have slowed. Yet a rising number of middle-class Americans have been priced out of their home markets. (AP Photo / Matt Rourke, file)

The squeeze goes well beyond the famously high-priced home markets of Seattle, San Francisco and New York. In metro areas long known for affordable home values — Milwaukee, Memphis, Pittsburgh, St. Louis, Phoenix and others — the number of homes for sale that a household with a median income could afford has slipped.

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