Money: 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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!