Vail Valley workers losing ground in home buying

Vail Valley workers losing ground in home buying
Local News

By Randy Wyrick

EAGLE — If you have two full-time wage earners in your home, you need three to buy a house in most Eagle County neighborhoods.The county’s housing department’s data released this week found an “affordability gap” in every Eagle County community, except Gypsum. That’s the bad news.The good news isn’t that good either. Like everywhere else, Gypsum’s home prices have jumped so fast that its affordability is almost gone.About the affordability gapTori Franks with Eagle County’s housing department explained it like this.The housing department’s data is based on the average weekly wages of Eagle County workers — that’s W-2 wages reported …

Source:: Vail Daily Feed