About 40 miles north of Salt Lake City, Ogden is the most affordable metro area to buy a home in the U.S. This is the first time Ogden tops the Housing Opportunity Index. The city offers an enviable combo: Incomes are 10% higher than the national median, while home prices are about 14% lower.
Ordinarily in places growing as quickly as Ogden -- the population has jumped 24% since 2000 -- demand for housing pushes prices higher. But much of the land here is on the now-exposed bed of the shrinking Great Salt Lake, meaning it's easy and cheap to build on. A new three-bedroom, two-and-a-half-bath home might go for as little as $130,000.
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||4.52%||4.38%|
|15 yr fixed||3.55%||3.42%|
|30 yr refi||4.51%||4.37%|
|15 yr refi||3.54%||3.41%|
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