Eight out of the 10 least affordable cities for homebuyers in the United States are located in California, according to a recent report, with the state’s median sales price of a home over 30 percent higher compared to the early pandemic period.
The eight Californian cities include Santa Barbara, Berkeley, Santa Monica, Glendale, Burbank, Los Angeles, Pasadena, and San Francisco, according to a May 23 report by WalletHub. Boulder, Colorado, and New York City took the remaining two spots in the list of 10 least affordable cities.
On the other end of the price spectrum, among the top 10 most affordable cities, three were in Michigan, two in Ohio, and one each in Alabama, Pennsylvania, Arizona, Illinois, and Florida….