The economy in Indianapolis has staged a comeback, as the revival of the Big Three U.S. automakers has helped boost the region's many auto-industry related business.
It's a sprawling city, however, and many working people have moved to the outskirts in search of lower housing costs.
The new developments, built on cheap land in those far-flung neighborhoods, have kept price increases in check. Even as the metro area continues to grow -- the population is up 1% from 2000 to 2010 -- homebuyers can still find inexpensive places to live.
From Los Altos, Calif. to Brooklyn, N.Y., these 20 cities had the highest number of home sales exceeding $1 million during the 12 months ended June 30, 2013.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.48%||4.38%|
|15 yr fixed||3.49%||3.42%|
|30 yr refi||4.47%||4.37%|
|15 yr refi||3.48%||3.41%|
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