Purchasing power

Tucson's economy is expected to post healthy gains in jobs, population and income next year, but it's getting tougher to afford a home here.

From D.C. to Chicago, here's a look at the 12 cities where homebuyers are getting the best bang for their housing buck.

Newbies to Chicago's suburbs are increasingly stowing cars and slipping into walking shoes.

Despite a healthier economy, growing household income was not enough to make an impact on home sales as the market still suffers from historically low levels of inventory.

The home buying season is already shaping up to be especially competitive this year, as rising prices and mortgage rates are putting a damper on purchasing power in many once-affordable housing markets.

Connecticut homes sales turned in a lackluster performance in March, but those that did sell commanded some of the highest prices in nearly four years, a new report Tuesday showed.

Here's a look at 12 cities where median home prices are under $200,000 and the combination of local wages and interest rates offer buyers the most purchasing power.

Businesses are investing more, people are finding jobs, and inflation is picking up, meaning higher interest rates for homebuyers.

Portland-area home prices pushed further into record territory in February, but their growth slowed to the lowest level in more than two years.

Black households have significantly less purchasing power when it comes to buying a home compared with other races, a Zillow study said.