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Economy, Real Estate

“…most expensive state to buy a home in”

“Massachusetts ranked as the most expensive state to buy a home in, according to a report from personal-finance website SmartAsset. The analysis assessed 48 states and Washington, D.C., based on the following metrics (Delaware and Louisiana were not included due to insufficient data):

  • Effective property tax rate, based on U.S. Census Bureau data
  • Median listing price and price per square foot, according to Zillow ZG, +1.27%  
  • Median value for homes in the bottom third of the market
  • Average closing costs, according to SmartAsset’s own closing cost calculator…”

https://www.marketwatch.com/story/the-no-1-most-expensive-state-to-buy-a-home-in-its-not-new-york-or-california-2019-08-29

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