A Look at Home Affordability:
Even with the erosion in affordability, NAR data show in most markets, buyers with median income can still afford to buy a median-priced home, although that’s less so in pricier areas.

The five most-expensive housing markets were:
San Jose, Calif., $805,000
San Francisco, $705,000
Honolulu, $679,800
Anaheim-Santa Ana, Calif., $670,700
San Diego, $485,000

The five most-affordable metro areas were:
Toledo, Ohio, $87,500
Rockford, Ill., $88,900
Decatur, Ill., $91,000
Ocala, Fla., $103,600
Topeka, Kan., $106,900

Source: Houselogic 11/13