how much you need to buy a house

Home Sweet Home


The cost of housing is going up; and hopefully your paycheck is rising to meet it.

For most people a house is the ultimate prize; something to call your own and something to sell for a profit when things pick up. But depending on the city you live in, that goal can be awfully hard to reach. So to give you an idea of the places around the country you can afford; MSN Money has a list of how much money you need to make in order to buy a house in a certain city.

The cheapest big city on the list? Pittsburgh, Pennsylvania with a required annual income of $33,000. The city also has the lowest mortgage rates of all the cities tracked with an average monthly payment of $700. Close behind that is Cleveland and Cincinnati, Ohio.  read more »