According to marketwatch, the five most expensive U. S. metro housing markets in Q2 (four of which are in CA) were San Jose, CA where the median existing single-family price was $980,000, followed by San Francisco at $841,600, Anaheim-Santa Ana CA at $685,700, Honolulu at $698,600 and San Diego, $547,800.
The five least expensive metro housing markets in Q2, all east of the Mississippi River, were Cumberland, MD, where the median single-family home cost $82,400, followed by Youngstown-Warren-Boardman, Ohio, $85,000; Rockford, Ill., $94,700; Decatur, Ill., $96,000; and Elmira, N.Y., $98,300.
If wages continue to stagnate and/or rise slower than the prices of homes, manufactured homes will appear more and more as a better option. ##
(Photo credit: santacruzpictures/Rick Puckett-Santa Cruz, CA)
