Phoenix is 8th most affordable metro area for homebuyers

phoenix-housingBy Catherine Reagor, The Republic | azcentral.com

A new survey from national mortgage research firm HSH.com tracks the salary needed to buy a house in the U.S.’s 27 largest metro areas. Cleveland is the most affordable big city with an annual income of $29,788 needed to afford a house. In the Valley, buyers need to earn $41,308 a year. San Francisco home buyers must make $137,129.

The ranking is based on median home prices, average interest rates and property taxes.

 

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