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IPFS News Link • Housing

These Are The Most And Least Expensive Cities For American Homebuyers

• Zero Hedge

With interest rates expected to remain low for the foreseeable future (as Fed Chairman Jerome Powell re-affirmed Wednesday), and millions of people adjusting to the prospect of working from home permanently, Americans are eager to compare various housing markets, as 'Zoom Towns' pop up across the US, and prospective homebuyers reassess where they might consider settling down.

In a recent study, AdvisorSmith used census data to create a weighted average housing price for each city, then adjusted it to relative to average local incomes to determine which cities are the most "affordable" in the US, or as AdvisorSmith explains: "This factor for each city provides insight into the ability of home buyers to earn income that will allow them to afford their homes."