The salary you must earn to buy a home in 25 cities
San Francisco: $115,510.06
Mortgage rate: 4.28 percent
Home price: $682,410
Monthly payment: $2,695.23
San Francisco had the lowest mortgage rates on our list, and rates in the City by the Bay also saw the largest quarterly decline, nearly half a percentage point. Add in a price decline and buyers could make nearly $10,000 less in the fourth quarter and still afford to buy.
Tim Manni is the Managing Editor of HSH.com and the author of the site's daily blog, which concentrates on the latest developments in the mortgage and housing markets.
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