Homeownership has and remains the all-American dream despite declining homeownership rates. The cost of housing, availability of rentals and interest rates impact the ownership decision. Some cities are easier to become a homeowner while others are more challenging.
SNL Real Estate, a research firm, examined markets across the nation and ranked the most difficult ones for renters to become homeowners.
And yes, most of the usual suspects are included in the list plus a few that surprised me.
What are the most challenging markets in which to become a homeowner?
To read the complete report click http://www.marketwatch.com/story/toughest-markets-for-renters-looking-to-buy-2014-05-07
The next major issue in housing is the continued trend away from affordability.