Tag Archives: GOBankingRates

While many metro areas continue to outpace the national average in terms of growth, GOBankingRates reveals the cities where homebuyers will be unable to afford homes in the next 10 years, with popular cities like Knoxville, Tennessee; and Albuquerque, New Mexico topping the list.

As home values grow faster than incomes, see how this is impacting the ability for Americans to save for a home.

Six cities on the U.S. coasts have 70 percent or higher households that can’t afford to buy a home, says a new study.

Findings show that though you may be able to get a 3,500 square foot home in Indiana for $300,000, the same dollar amount will only get you 600 square feet in Washington, D.C. Getting a realistic sense of how many square feet for the dollar can be purchased before shopping will ultimately save your potential homebuyers heartache. Learn the top, and bottom, states where homebuyers can get the most space for their dollar.

For those looking to save on housing, heading southward may be the answer. According to a new study, Mississippi and Alabama have the lowest housing costs in the nation, coming in 31.6 percent and 26 percent lower than the national average, respectively. Mississippi was also named the most affordable city in the country, taking into account healthcare, housing, utlities, transportation, and miscellaneous expenses.

GOBankingRates listed the top 11 up-and-coming housing markets for U.S. homebuyers, finding that the Denver, Colorado is a rapidly growing housing market.