Following up on my colleage Peter Coy’s note from yesterday. Here are the cities with the biggest increase in affordability:

Housing Cost to Income Ratio (Peak to Current) Metro Area Peak Date Peak Ratio Current Ratio % Change Oakland, CA 2007-07 84% 28% 67% Riverside-San Bernardino, CA 2006-06 68% 25% 64% Sacramento, CA 2005-08 63% 26% 59% Las Vegas, NV 2006-06 54% 22% 59% Phoenix, AZ 2006-06 46% 19% 58% Los Angeles, CA 2007-08 102% 45% 56% Miami, FL 2007-07 76% 34% 54% Washington D.C., 2005-11 53% 25% 53% Detroit, MI 2004-06 29% 15% 49% Tampa, FL 2006-06 42% 21% 49%

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