"For many young people across the United States, the prospect of home ownership is becoming an increasingly distant dream.
A recent Unison report found that it's more costly than ever to purchase a new home with coastal cities worst affected.
...It found that prospective buyers would need highest salary in New York where an average home would require a salary of $418,000 today, the least affordable city nationwide.
...It isn't all negative, however, and it will certainly come as a relief to know that some cities are bucking the trend of high property prices.
Chicago is a good example with the salary required to purchase a home there just $64,948.
...At the very opposite end of the scale, Detroit is one of the cheapest major U.S. cities for home-buyers.
Someone searching for a house or an apartment there would only need a salary of $8,328.
Read all.
No comments:
Post a Comment