The Tuesday, June 27, cover story in USA Today was in regard to home prices. A sidebar titled "Most Expensive Homes" identified the "metropolitan areas with the most expensive median-priced homes, with price appreciation from the first quarter of 2000."
Included on the list of 37 locations nationwide was one from Pennsylvania - Allentown-Bethlehem featuring a $233,700 price tag and 118.2% increase. Fifteen states were represented with the most coming from Florida (eight) and California (seven).
When you consider Nazareth area homes are regularly reported in the Morning Call at $100,000 higher than the above noted Allentown-Bethlehem listing it gives perspective to how high prices have become.
The crux of the article is in regard to the fact that people cannot afford to live in the same communities in which they work or serve.
You can read it here.
What do you think? Will soaring housing costs create a situation locally where the people who work here can't afford to live here? How will the dynamic between the borough, featuring more lower cost housing, and the townships, with many very expensive homes, shape our greater community?
1 comment:
Great Post!
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