Toledo is a classic Midwestern industrial town. Its proximity to Detroit helped make it an important auto parts manufacturer. Indeed, it still supplies Detroit with auto parts ranging from axles to exhaust systems to windshields.
But last decade's auto industry woes and the housing bust brought hard times. Residents moved away, leaving a glut of vacant homes. All those empty houses are dragging down prices. So while median incomes aren't terribly high here, that money goes far when buying a home in the area.
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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