Saturday, May 05, 2007

Forbes: Honolulu has 6th least affordable housing in US

It doesn't come as a surprise to anyone in Hawaii, but Forbes just named Honolulu one of the top 10 most overpriced housing markets in America.

With a median home price of $630,000 and P/E ratio the 3rd highest in the nation, you aren't just imagining things when you look around at all this pricey real estate and wonder how people are buying on Hawaii's low wages.


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