...Housing prices in 14 major markets are out of whack in relation to household incomes and mortgage payments, according to consultant Burns. The housing barometer ratios were:
Boston, 9.3; San Diego, 7.8; Ft. Lauderdale, 7.6; San Francisco, 7.3; Miami, 7.1; Denver, 7.0; San Jose, 6.9; Orange County, Calif., 6.6; Charleston, S.C., 6.5; New York, 6.1; Tampa, 5.9; Oakland, Calif., 5.9; Portland, Ore., 5.6; Minneapolis, 5.4; Phoenix, 5.4; Sacramento, 5.3; Los Angeles, 5.0
See the rest of the article at: chicagotribune.com |