State Leads U.S. in Home Prices
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If you’re looking for a home and you’ve got the big cash, think California. But for a more economical approach, there’s always Texas.
The two states stand at opposite ends of the home price spectrum, according to a new study by Coldwell Banker Real Estate. The firm’s Home Price Comparison Index study showed seven of the top 10 most expensive markets are in California, while half of the most affordable markets are in Texas.
The top five most affordable markets and their average home prices were Oklahoma City, Okla. ($107,850), Sioux City, Iowa ($109,000), Arlington, Texas ($111,500), Killeen, Texas ($111,875) and Houston, Texas ($115,000).
The top five most expensive markets were Palo Alto ($843,500), Beverly Hills North, ($743,825), Beverly Hills South, ($743,200), San Francisco, ($720,250) and Greenwich, Conn. ($674,625).
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