Tag Archives: Leveraging

As home prices hit new highs, many buyers are stretching more and more to get the house of their dreams. Find out where buyers are spending the biggest chunks of their income on housing.

A new list reveals the country’s most overleveraged cities—areas where mortgage balances far outweigh home values and median incomes. San Luis Obispo, California, topped the list, with a mortgage debt-to-income ratio of more than 2,000 percent. The market’s historically low mortgage rates are likely to blame for overly ambitious buying.