Drivers on Interstate 95 traveling through Bridgeport might be shocked to learn that the city is one of the least affordable housing markets in the nation. Old factories and warehouses sit idle and many neighborhoods have seen better days.
Indeed, home prices are inexpensive within city limits -- you can pay less than $140,000 for a three bedroom, two-bath Cape Cod, for example. But Bridgeport lies within a metro area that also includes Greenwich, Westport and other wealthy enclaves.
Those locales are filled with posh homes occupied by corporate brass, hedge fund managers and professional athletes, all of which have helped to raise the area's home prices beyond the reach of many families.
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%||4.52%|
|15 yr fixed||3.50%||3.54%|
|30 yr refi||4.48%||4.51%|
|15 yr refi||3.49%||3.53%|
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