Home And The Range
In real estate, people pay for location, and last week Coldwell Banker showed homeowners just how pricey that premium can be. In a survey of more than 300 markets, the real estate brokerage found that a 2,200-sq.-ft., four-bedroom house in a neighborhood "typical for corporate middle management" can vary in cost by up to $1.2 million depending on the city. The most expensive locale was La Jolla, Calif.; the least costly was Binghamton, N.Y. How much would you have to spend in a market of your choosing? Go to ColdwellBanker.com, click on Site Map, then Info Center, then Tools under Homeowner Center to reach the Home Price Comparison Index.
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