real estate market: Are You Operating in One of the Ten Least Affordable Real Estate Markets
- 08/16/07 01:50 AM
Matt Woolsey of Forbes.com wrote an article on the Ten Least Affordable Real Estate Markets. The criteria for determining the list was by figuring how many years of gross income it would take to buy a home at the median sales price using the NAHB/Wells-Fargo index with the rating of home price to earnings. Affordability was determined by the lower number. Although ten years ago San Francisco was the only city ranked above 4.5 they are now ranking 13 cities above that benchmark. With the high inventory of homes on the market and the tightening of the lending industry, they determined that there are more homes and less … (4 comments)
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Matt Woolsey of Forbes.com wrote an article on the Ten Least Affordable Real Estate Markets.
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