People have been abandoning this one-time Rust-Belt industrial powerhouse ever since most of its steel mills closed in the 1970s. Before that, Youngstown had some of the highest-paid factory workers in the nation, according to data from the Federal Reserve Bank of St. Louis. Incomes today are less stellar; they lag the national median by 14%.
Meanwhile, as the population shrank, demand for housing collapsed, pulling down real-estate prices. Immaculate four-bedroom Youngstown colonials can be purchased for a little over $100,000. Fine old homes, badly in need of repair, can sell for $12,000.
New residents are flocking to these 10 cities, which added the largest number of residents last year, according to Census Bureau.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.01%||4.04%|
|15 yr fixed||3.11%||3.18%|
|30 yr refi||4.00%||4.03%|
|15 yr refi||3.11%||3.16%|
Today's featured rates:
|Chrysler relents, agrees to recall 2.7 million Jeeps|
|Stocks: Investors hold their breath for Bernanke|
|Bond investors bracing for Bernanke|
|U.S. oil boom helps thwart OPEC|
|China's fastest-growing cities for millionaires|