A homebuyer could buy six median-priced homes in Pittsburgh for the price of just one in San Francisco, according to a new salary homebuying study from HSH.com. The mortgage and consumer loan information company reviewed Realtors’ 2016 first-quarter data for median price and its own first-quarter average interest rates on 30-year fixed rate mortgages to see how much it would cost to afford the “base cost” of owning — including the loan principal, interest taxes and insurance.
- Home prices are higher in 25 out of 27 markets year-over-year, but only six metro areas saw increases over 1 percent.
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