Daily Real Estate News | February 18, 2010
How affordable or unaffordable is it to buy a home? Well, it depends heavily on the part of the country where the buyer chooses to live.
Earning the U.S. median income of $64,000 a year is enough to allow buyers to purchase 70.8 percent of all homes sold in the country during the last three months of 2009, according to a joint report from the National Association of Home Builders and Wells Fargo.
But some parts of the country are a lot more affordable than others. Here are five major housing markets that housing analysts judge to be the most affordable major markets in the country.
· Indianapolis
· Detroit
· Dayton, Ohio
· Youngstown, Ohio
· Akron, Ohio
Source: CNNMoney.com, Les Christie (02/17/2010)