Top 10 Least Affordable Housing Markets in 2007

Los Angeles Typical Middle Class HomeIf you are looking to stretch your housing dollars, these are cities that you might as well pass on. The housing markets with the least affordable housing prices tend to have a large stratification between the poor, middle class, and rich. Housing costs are obvioulsly high with the median earner only making 12 percent of the cost of housing per year.

  1. Los Angeles-Long Beach-Glendale, CA
  2. Santa Ana-Anaheim-Irvine, CA
  3. Salinas, CA
  4. Merced, CA
  5. Santa Barbara-Santa Maria-Goleta, CA
  6. New York-White Plains-Wayne, NY-NJ 
  7. San Francisco-San mateo-Redwood City, CA
  8. Napa, CA
  9. San Luis Obispo-Paso Robles, CA
  10. Modesto, CA

via CNN Money

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  4. Using Government to Stop Real Estate Bubbles Kills Markets
  5. Making Home Affordable New Short Sale Worksheet

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  1. [...] in the week we covered the Top 10 Least Affordable Housing Markets, today we will tackle the Top 10 Most Affordable Housing Markets. It is not a surprise to [...]

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    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
    • I see the question I have, but no response. I do not have a for sale sign up ...
      Judi | 18Mar10 | More
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