Sunday, May 25, 2014

The Salary you must earn to buy a home in Los Angeles

Los Angeles
Mortgage rate: 4.52 percent
  • Quarterly change: +0.06 percent
Home price: $406,200
  • Quarterly change: -3.99 percent
  • YOY change: +17.6 percent
Monthly payment: $2,005.85
Salary: $85,964.88
  • Quarterly change: -$2,424.18
The state of California is one of the most interesting real estate markets in the country currently, mainly because demand is as hot as ever. Despite home prices that would be out of reach for most in this country, Los Angeles had the second-best improvement in required salary (behind Sacramento, of course).

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