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What can you buy for $400,000?
If you're shopping for a home this year, you couldn't have timed it better.
The country is in a buyer's market
with a 7.2-month supply of homes for sale.
Anything more than a six-month supply means
an advantage for buyers.
But just how strong that "buyer's market" phenomenon is -- and how it might help you -- can vary from one side of town to the other, or even from one neighborhood or school district to next. And even though it's described as a buyer's market, it's certainly no fire sale.
In the spring of 2006 Bankrate surveyed the country to see how much home $400,000 could buy in 24 cities small, medium and large.
This year we went back to five of those same cities -- in the East, South, Midwest, West and Northwest -- to see what, if anything, has changed.
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What can you buy for $400,000? |
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