How friendly is your state to homeowners?
A new ranking from financial blog Smart Asset shows which states have the best conditions for homeowners and which states have the worst conditions. Think you already have an idea? These results might surprise you.
The 10 best states for homebuyers were:
3. South Dakota
7. West Virginia
The 10 worst states for homeowners were:
50. New Jersey
49. North Carolina
45. Rhode Island
43. New Mexico
Smart Asset took into account such factors as the ratio of median home price to median income, average closing costs. It also looked at price per square foot of housing in each state, annual appreciation of home prices between 2013 and 2014, average foreclosure rates and burglary rates.
Follow Jon Street (@JonStreet) on Twitter