The U.S. economy may be booming.
But it is also experiencing a crisis of affordable housing and cheap travel.
That’s according to a new report from real estate website Zillow.
The data firm, which tracks real estate data from Zillower, found that housing prices have risen by over 40% in the past three years, and travel expenses have risen over 30%.
In other words, Americans are spending more than they ever have before, and spending more on trips.
But while the overall economic situation is improving, the housing crisis is deepening, with the average price of a one-bedroom apartment rising more than 10% in recent years.
According to Zillowing, the median price of an apartment in the Bay Area rose from $1.7 million in 2017 to $2.1 million in 2019, with an average rent of $1,068 per month.
And if you are trying to buy a house in San Francisco, that number jumps to $3.7 per square foot, a jump of 25%.
For those trying to move to a bigger house in the city, it jumps to an average $3,929 per square feet.
And the worst part of all, as the study points out, prices are still climbing.
Zillows analysis found that the median rent for an apartment across the nation jumped from $2,931 in 2017, to $4,731 in 2019.
The median rent in Los Angeles County, California jumped from the previous year to $5,096.
And in New York City, the average rent jumped from just over $2 million to over $4 million.
Zilow is one of the world’s largest real estate websites, and it has been tracking the cost of living and home prices in cities and regions around the world since 2004.
The report also found that America is experiencing a housing crisis.
While the average income of people in the country has increased since 2010, the number of households with no income has increased by just over a third.
The majority of Americans live in rent-controlled or affordable housing, which means they have to pay a higher percentage of their income toward the mortgage, according to Zilowing.
But the housing bubble is now expanding, and the number that can afford to buy an apartment has exploded.
As of January 2019, the typical buyer in the U.K. and Germany could have a mortgage of $7,600, while in the United States that same person would have to shell out more than $15,000 for a one bedroom apartment, according Zillowed.
The situation is even more dire in places like India, which has experienced a housing bubble for decades.
The country’s average house price is over $100,000, according the report.
While many people might be looking to move, it’s not always easy to find a place that will let them.
For example, the report notes that in most major cities, rent is a premium, with more than half of homes sold for more than 100% of the asking price.
And for the majority of those buyers, buying is more of a luxury than a necessity.
While prices in San Jose and Boston are in the high 40s, for a middle-class family in San Diego that is about $1 million, it can be an absolute bargain, the study found.
Even in San Antonio, Texas, where prices are among the highest in the nation, it is still possible to get a home with a mortgage, the Zillowers study notes.
But not everyone can afford the rent.
In the Bay area, for example, there are just 4,600 homes for sale.
The ZillOW report also pointed out that there are about 5,000 households with a total income of less than $10,000.
If you’re thinking about buying a home in San Marcos, the home prices range from $8.5 million in San Mateo County to $25.6 million in Santa Clara County, according a Zillowment report from 2017.
That means you have to work longer hours to make ends meet, and you’re also likely to have more health problems as a result.
And even though Americans are saving more than ever, that doesn’t necessarily translate into savings when it comes to buying a house.
Zills report found that people who buy a home are spending an average of over $6,000 on home renovations, up from $3 at the beginning of the decade.
But Zilloves report found the majority (73%) of people that buy a property are not saving enough for a down payment.
Zilledow found that of the households that buy houses, 70% of those with children are saving less than 10%, with families that have a child or no children spending an additional $5 on their home, up to $10.
The average amount that people in San Bernardino County, Calif., save each year is $5.5, up $2 from last year, according of Zillowe