Sunday, December 16, 2012

Cheapest, Most Expensive Housing Markets | Reduction

Cheapest, Most Expensive Housing Markets

bailout - it's the homeowners in that are in distress
bailout - it's the homeowners in that are in distress by woodleywonderworks
License (according to Flickr): Attribution License
Excerpt:

The U.S. housing market may be in a recovery after a long decline but the difference in price between the most expensive and affordable regions remains as stark as ever. The city with the most expensive average listing price was Los Altos, Calif. , according to real estate firm Coldwell Banker, which released its annual home listing report Wednesday. In Los Altos, about 40 miles south of San Francisco, the average listing price of a four-bedroom, two-bathroom home is $1,706,688. That was in sharp contrast with the most affordable market in Coldwell Banker's list. The average listing for Redford, Mich. is $60,490. That wouldn't even be enough to cover the typical sales commission on a home in Los Altos. Within a short drive of tech companies, Apple, Facebook, and Google and competitive schools, Los Altos was one of five most expensive markets, all in California.

Cheapest, Most Expensive Housing Markets

Additional Info:

City: Los Altos

Overall Sentiment: 0

Relevance: 0.772464

Company: Coldwell Banker

Overall Sentiment: 0.236177

Relevance: 0.904749

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