No. 5 Iowa
Debt as percent of income: 13%
Unemployment rate: 6.1%
Home ownership: 71.1%
Negative equity: 42.9%
Average home price: $152,000
Loan as percent of home value: 66.7%
Percent of U.S. Market: 0.42%
Iowa has some of the lowest real estate prices in the top 10. But it has one of the highest rates of negative equity in the top 10, which is probably what kept them from ranking higher on the list, Findlay said. Other than that, it has the best debt as a percent of income on the list at 13% and it has a low unemployment rate. “They just missed out on taking the gold!”, according to the article
No. 8 Nebraska
Debt as percent of income: 15%
Unemployment rate: 4.3%
Home ownership: 70.4%
Negative equity: 46.5%
Average home price: $160,000
Loan as percent of home value: 72.3%
Percent of U.S. Market: 0.28%
Nebraska has two big hits against it, Findlay notes: It has the worst negative equity in the top 10 at 46.5%, compared to the national average of 35%, plus its loan as a percent of home value is higher than the national average. Offsetting those items, however, are the fact that they have a low unemployment rate at 4.3% and very low debt as a percent of income (15%, vs. the national average of 27%).
For what it's worth, North Dakota was in the number one position.
Final, side note: I love this picture they used, too, shown above, of Iowa. Besides farm fields, this depicts Iowa to me, perfectly.
Links: http://www.cnbc.com/id/42557873?__source=yahoorealestate|healthiesthousing|&par=yahoorealestate
http://www.cnbc.com/id/42557873?slide=4
http://www.cnbc.com/id/42557873?slide=7
Posts
2 comments:
Dear Iowa, state where I was born where the tall corn grows. Calgon, take me away.
I was rased very close to Iowa, in the Northwest corner of the state (St. Joseph).
I've always both enjoyed and respected Iowa.
Lately they seem to have gotten some far right wing crazies up there but hopefully they won't take over.
I still like the place, what I've seen and enjoyed.
Post a Comment