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January 12, 2007

Study: police, teachers, nurses priced out of housing market

NEW YORK (AP) — Many of the health care workers, police and teachers that communities rely on for vital services can't afford to buy homes, and some even have trouble covering rental costs, a new study found.

The Center for Housing Policy, the research affiliate of the National Housing Conference in Washington, D.C., found that a working family needed an annual income of $84,957 to qualify to purchase a home valued at $248,000, the median price nationally in the third quarter of last year.


 
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