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News? Check. Politics? Check. Music? Check. Random thoughts about life? Check. Readership? Ummm.... let me get back to you on that. Updated when I feel like I have something to say, and remember to post it.

Thursday, June 28, 2007

Affordable housing!

The Indianapolis area is tied for #1 for affordability of homes.

The median sales price of all Indianapolis homes sold in that time frame was $116,000.

This won't come as a major shock, because Indy had spent the previous six quarters at the top, including all of 2006.

The Youngstown, Ohio area is tied for first with Indianapolis-Carmel, with a median homes sales price of $78,000 affordable because of household incomes of $51,400.


All you New York City, Chicago, and California residents? Enjoy your overpriced homes. I hope those cultural amenities are worth it.

Once again at the bottom of the affordability scale was Los Angeles-Long Beach-Glendale, Calif., where just 3 percent of homes sold in the first quarter were affordable to families earning the metro's median household income of $61,700.

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