Tara Siegel and her partner love living in Arlington, Va., just outside Washington, D.C., but they’d really like more space than the two-bedroom apartment they rent. Recently they started browsing on Zillow for a place to buy.
“We saw a lot of homes,” Siegel says, “but when we brought it back down to what we could afford, what our price range was, suddenly all the homes disappeared.”
It was a rude surprise. The couple makes above the local median household income, which is more than $120,000. They knew houses can approach a million dollars, but it turned out that even tw0- or three-bedroom condos are too pricey.
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