Happy Thanksgiving 2014!
By Jesse McCarl
To no one’s surprise, San Francisco was deemed the most expensive place to own a house in this recent study by HSH.com. The company looked at the median price of homes in 27 major metros in the United States, factored in required down payment, insurance cost, and mortgage rate to figure out the minimum salary needed to buy a house.
As you can see in the table below, 30-year fixed mortgage rates were down across the board, but median home prices are up in every city just from the previous quarter – some as much as 25%!
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