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The good new is that Charleston seems to have a relatively high affordability rating and the rate of additional income required has only increased 5%. Plus it looks like the areas with the highest hikes are ones that suffered the most during the last recession, so their rebound in going to be higher just to be commensurate with the original drop. Not sure these numbers tell us much more than Charleston is an increasingly desirable place to live and prices are reflecting this fact. If I'm reading this correctly there doesn't seem to be anything alarming going on.
Notice that the 10th city where the affordability has either improved or barely changed is Reading PA which is up 3%. Not much difference than Charleston's 5%. Did they only check 20 cities or are all the others between 3 and 5%? Doesn't sound like Charleston's too far out of the mean.
it seems like the housing market is absolutely on fire. and it also seems i see an inordinate amount of "moving to charleston" threads here all of a sudden.
Who wouldn't want to move here after the terrible winter this country has experienced! Ours has been bad enough too! There is still plenty of affordable housing around.
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