Nationwide, the median home sales price in the second quarter of 2017 rose 7.7 percent to $253,000, the biggest annual increase since the first quarter of 2014. However, the average weekly wage in the United States fell 1.4 percent, leading to a decrease in home affordability. Median priced homes are relatively affordable in the Detroit, Philadelphia, Cleveland, Pittsburgh, and St. Louis metro areas, but such homes require a high portion of wages in the San Francisco, New York, Los Angeles, and San Diego areas.
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