It’s no surprise that property is prohibitively priced in Hawaii and California, or that homes are very affordable in Indiana. But here’s a shocker, from a new affordability measure by the National Association of Realtors and Realtor.com: Florida no longer is a bastion of cheap housing.
In fact, Florida ranks as the nation’s sixth least-affordable market, behind only Hawaii, California, the District of Columbia, Montana and Oregon. By this reckoning — which attempts to correlate incomes with the supply of homes affordable to buyers in that income range — Florida is less affordable than New York, Massachusetts or Colorado…read more