The rugged landscape that makes Honolulu beautiful also makes it expensive. Located on a narrow strip of land between the sea and the mountains, lots are scarce and incredibly pricey.
Home prices reflect that fact -- as well as the cost of materials, most of which have to be shipped in from the mainland.
Salaries, while higher than average, don't quite match the high cost of housing on Hawaii. Many jobs are in service industries like hospitality, and job-seeking locals often have to compete with mainlanders seeking to build a life in paradise.
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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