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Honolulu housing remains the least affordable in U.S.


  • BSN HOMES- 12 FEBRUARY 2013 - Homes on the Wilhelmina Rise area. Honolulu Star-Advertiser photo by Cindy Ellen Russell
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Honolulu has the lowest housing affordability rating in the U.S., according to the National Association of Realtors.

The trade group’s index of housing affordability in 150 markets for 2012 puts Honolulu dead last with a rating of 73.7, meaning a household with a median income would have only 73.7 percent of the income needed to qualify for a median-priced, existing single-family home. Honolulu’s rating rose 8.2 percent from 2011.

The Detroit-Warren-Livonia market in Michigan is No. 1 in affordability, with a rating of 571.1 for 2012.

http://www.realtor.org/

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