San Francisco’s real estate market is insane and here’s definitive proof. Mortgage research site HSH.com has estimated how much salary you need to earn to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. Continue reading… “How much you need to earn to buy a home in 27 U.S. cities”
Condominiums have been the easiest way to get a foothold into the housing market for many first-time homebuyers, a pit stop on the way to a dream home.
The nation’s home prices expected to keep dropping in the biggest cities.
Home prices are falling in the nation’s largest cities and are expected to keep falling next year, as fewer people purchase homes and millions of foreclosures come on to the market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 1.3 percent in October from September.