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The median home value for the entire New York metro area is $343,100, compared with $940,800 for Manhattan alone.
The mortgage interest rate tax deduction is now capped at $750,000 of home value for future sales, which means that if you already bought into this market, you better hope it stays a cash market or BTC reaches $50,000.
Unfortunately, Prop 13 means you're often getting something (higher home value) for nothing (same taxes).
To provide perspective on the local economies on the Capgemini's list, 24/7 Wall St. used Zillow's real estate database for the yearly change in home value for each metropolitan statistical area in June 2011.
People in Bismarck earn a median household income of $54,969, but people living in the 58503 zip code likely have higher incomes to afford the area's homes, which are 65percentt higher than the median home value for the state of $198,800, as reported by Zillow.
During the study period, a doctoral research assistant worked with the HEP SC to identify additional census data of interest and to compile data relevant to the study questions (e.g., percentage below/above poverty; median home value), for decennial censuses conducted between 1970 and 2000 (U.S. Census Bureau 2005).
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A result would be lower home values for all, even those who own their homes outright.
But mass foreclosures are a huge drain on the economy, crushing home values for everyone.
That, in turn, will most likely influence home values for decades.
The county with the lowest median home values for owner-occupied housing units was Reeves in Texas, at $29,400.
And then, by comparing the averages from year to year, it was able to estimate the change in home values for the entire community.
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CEO of Professional Science Editing for Scientists @ prosciediting.com