LOS ANGELES, Jan. 29, 2015 /PRNewswire/ -- JustRentToOwn.com, an industry leading provider of Lease Option home listings nationwide, is pleased to announce the release of a study on affordability in the top ten highest and lowest valued housing markets in the US. By comparing annual median income to changes in housing price, the study finds that property price growth has an outsized effect on the wallets of median income buyers in low-cost markets despite smaller numbers being generated in growth annually. The results of this study also suggest that rising housing costs make middle income prospective buyers in low-cost cities more vulnerable to shifts in affordability, where rapid price changes could price out local buyers. The study also theorizes that many of the affordability issues plaguing more expensive metro areas could become problems in the most affordable metros if wages don't grow to keep up with home prices.
JustRentToOwn.com (JRTO) is an industry leader in Rent to Own real estate listings across the country. JRTO's mission is to provide comprehensive access to Rent to Own homes, and provide the support and resources necessary to get people on the path to homeownership. Featuring an expert team of available customer service representatives, JustRentToOwn.com provides consumers with the tools they need to get into the home of their dreams.
CONTACT: Nicholas Brown, Phone. 213-568-1540, Email. [email protected]