People have been abandoning this one-time Rust-Belt industrial powerhouse ever since most of its steel mills closed in the 1970s. Before that, Youngstown had some of the highest-paid factory workers in the nation, according to data from the Federal Reserve Bank of St. Louis. Incomes today are less stellar; they lag the national median by 14%.
Meanwhile, as the population shrank, demand for housing collapsed, pulling down real-estate prices. Immaculate four-bedroom Youngstown colonials can be purchased for a little over $100,000. Fine old homes, badly in need of repair, can sell for $12,000.
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||4.45%||4.52%|
|15 yr fixed||3.47%||3.55%|
|30 yr refi||4.44%||4.51%|
|15 yr refi||3.46%||3.54%|
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