Economist Mike Walden: The Best Places for Housing Affordability

With both housing prices and mortgage interest rates rising, it’s becoming more challenging for people to find an affordable home to buy.  What areas of the country and state have the best bang for your buck in buying a home?

  1. recent study addressed – looking at prices as well as ability of local people to             afford those prices – in country’s largest metro areas
  2. most affordable housing tends to be in the south and in the Midwest –                 Ohio, Michigan, Alabama, Kentucky, Arkansas
  3. in NC, our big metros of Charlotte and the Triangle are in the middle in housing   affordability – making them much better than big metros in the east, or even        similarly sized metros like Austin, Nashville, and Orlando
  4. but best deals among biggest NC metros are Winston-Salem and Greensboro