Sacramento, California , is at the top of the list for the United States’s least affordable new homes markets. A new study examining household incomes and comparing them with median new home construction mortgages found the California capital tying with Miami, Florida. Eighty percent of households in the Sacramento region, same as Miami, are priced out of new homes, the study from real estate-technology firm, Knock, found . Behind Sacramento and Miami, residents of Las Vegas are priced out of new homes at 65%, Phoenix residents at 63% and Denver at 62%, according to the study. HERE'S WHAT AWAITS HIMThis year, California reported its first yearly population decrease for the first time in the state’s history.

Source: Fox News October 31, 2021 12:21 UTC