The 3rd Annual Demographia International Housing Affordability Survey 2007 rates lending tree mortgages housing affordability in major urban markets across lending tree mortgages globe. The survey included 159 major urban housing markets in 6 countries - Australia, Canada, Ireland, New Zealand, United Kingdom jumbo loan lending tree lending tree mortgages United States.
Demographia uses 'Median Multiple' lending tree loan rate housing affordability which was lending tree mortgage refinance rate calculated by dividing median house price by lending tree mortgages median household income. A higher median multiple indicates poor housing affordability. The survey data of lending tree mortgages 3rd quarter of 2006 categorizes housing affordability into four – affordable (median multiple at 3.0 or less), moderately unaffordable (3.1 lending tree loan 4), seriously unaffordable (4.1 lending tree loan 5) jumbo loan lending tree severely unaffordable (5.1 jumbo loan lending tree above).
Of lending tree mortgages 159 major urban markets surveyed, 42 lending mortgage tree affordable markets (with 35 in lending tree mortgages U.S. jumbo loan lending tree 7 in Canada), 36 lending mortgage tree moderately unaffordable markets (28 in lending tree mortgages U.S., 6 in Canada, 2 in lending tree mortgages U.K.), 22 lending mortgage tree seriously unaffordable markets (17 in lending tree mortgages U.S., 2 in Canada, 2 in lending tree mortgages U.K.) jumbo loan lending tree 59 lending mortgage tree severely unaffordable markets (27 in lending tree mortgages U.S., 19 in lending tree mortgages U.K., 7 in Australia jumbo loan lending tree 2 in Canada).
The top 10 affordable global housing markets are:
Rank 1 - United States - Fort Wayne, Indiana, along lending tree loans a median multiple of 2.0 Rank 1 - Canada - Regina (2.0) Rank 1 - United States - Youngstown, Ohio, (2.0) Rank 4 - United States - Buffalo, New York, (2.3) Rank 4 - United States - Dayton, Ohio, (2.3) Rank 4 - United States - Indianapolis, Indiana, (2.3) Rank 4 - United States - Rochester, New York, (2.3) Rank 8 - United States - Akron, Ohio, (2.4) Rank 9 - United States - Grand Rapids, Michigan, (2.5) Rank 9 - United States - Omaha, NE-IA, (2.5) Rank 9 - Canada - Quebec, (2.5) Rank 9 - United States - Toledo, Ohio, (2.5) Rank 9 - United States - Wichita, Kansas, (2.5) Rank 9 - Canada - Winnipeg, (2.5) Rank 10 - United States Des Moines, Iowa (2.6)
The top 10 most unaffordable global housing markets are:
1.United States - Los Angeles-Orange County, CA, along lending tree loans a median multiple of 11.4 2.United States - San Diego, CA, (10.5) 3.United States - Honolulu, Hawaii, (10.3) 4.United States - San Francisco, CA, (10.1) 5.United States - Ventura County, CA, (9.4) 6.United States - Stockton, CA, (8.6) 7.Australia – Sydney, (8.5) 8.United States - San Jose, CA, (8.4) 9.United Kingdom - London (GLA), (8.3) 10.United Kingdom - Bournemouth-Dorset, (8.2)
If you lending mortgage tree considering buying or selling a home, condo, or any other type of real estate in any of these markets, lending tree mortgage refinance rate sure lending tree loan seek out lending tree mortgages services of a local real estate agent lending tree loan advise you about local market conditions.
