European Stars And Stripes (Newspaper) - February 21, 1986, Darmstadt, Hesse                                Page 16 the stars and stripes Friday february 21,1966 the american Home it can take two incomes to buy one by Kathleen Nelson associated press f rom 1968 through Chelate 1970s, the Cost of owning Home in the United state was 15 percent of a family s income. Now it s 30 percent or More according to a study published last tall by the Mit Harvard joint Center Lor housing studies. Especially vulnerable to escalating prices the study said is the Young household under age 35, the group most Likely to be buying its first Home. In 1969, Paul and Evelyn Sciallo were typical first time Home buyers. They bought an $ 18,500 ranch House on a third of an acre in Suffolk county Long Island. . They financed it with a 7fc percent 30-year, fixed rate mortgage that required a minimum 20 percent Down payment of $3.700. Monthly payments came to $142, including $50 to cover a $600 annual property tax Bill. A gallon of heating Oil at the time Cost 12 cells. Sciallo s annual income was $8,300. If the Sciallo bought their House today it would Cost $90,000. The National association of Home builders says the average Price of a new Home sold in the last Quarter of 1985 in the United states was $102,500. The median was $84,700, meaning that half of Home sales were above that amount and Hall below it. The median Price of an existing Home was $74,600. The interest on a similar fixed rate mortgage is about 13 percent carrying a monthly payment of More than $1,000. The Sciallo would need $18,000 for a Down payment. Their annual property tax is now $2,500 heating Oil is a Dollar or so a gallon. With these comparisons could the Sciallo Offord their House if they were starting out today probably says mrs. Sciallo but we d have to give up an awful lot to do  despite these financial hurdles Young people Are buying Homes. Wilh condominiums mobiles and duplexes added to the choices their Ideal remains the single family Home. Nearly two thirds of All american own their own Home and the children of housing hot spots since 1983. Northeast Home prices jumped 22.9%-double the rate of increase in any other Region of the country. Hett in Northam o South �1 we e3 North a cml Nome Price Morton Stem atty campy More am i Guret an median amount at new York. . Boiton. Mim Newirk. . Din Bury. Conn. Zuhua. . Poll Del Phil. I. Trenton. . Pm Burgh. A. Proc of  w $128.700 $126.000 $116.000 $85.950 $82.000 s69.450 $66.000 $54.152 Downwi Yerant $42,250 $30.000 $2 .450 $19.750 $10.666 $17.500 $16.500 $11.500 monthly homing Mil $1.141 $1.116 $1.139 $954 $691 $733 $703 �673 Nuil Neom $49.692 $55.956 $54.660 $51.666 $43.200 $39.160 $37.434 $40.680 homing Bill incl Ali Mongioi  Manl. Rail to tilt lion a Lilllan. My Hazard injun not. Source . Lei gut of saving to Irtel Luponi up Fri Pic / c. Broadway these House holds expect to own one too according to Industry professionals and homeowners. They re Likely to use and need two incomes to afford the House and May put Olf having children but they still have the will to own a Home. Today s Home buyers Are described by those in the Industry As savvy educated Consumers who do their Homework and buy their first Home As an investment More than a permanent resident. And while this generation of Home buyers May face Market conditions not imagined when the Sciallo bought their first Home the situation is not All that new. It s been a never ending discussion in the Industry says Blanche Bekkering a former vice president of the National association of realtors How to keep Homes affordable for the Young first time  Home prices the Best Are in the Midwest by Matin Crutsinger associated press c Alifornia upheld its reputation of having the highest housing costs in the United states last year with san Francisco ranking no. 1, and two other West coast cities rated among the top five according to a study by the . League of savings institutions. Homes in the san Francisco metropolitan area sold last year for a median Price of $152,000, More than twice the National median Price of $75,000, the league reported. The median is the midpoint with half the Homes Selling for More and half Lor less. The league based its rankings of 46 metropolitan areas on information pulled from 15,300 conventional mortgage Loans made by member associations. After san Francisco the most expensive area for Home purchases was new York City with a median sales Price of $129.700, followed by Boston $126,000 los Angeles. $123.000 and Annaheim Santa Anna Garden Grove calif., with a median Sale Price last year of $122,000. At the other end of the scale some of the cheapest housing was found in the Midwest where a depressed Economy has contributed to holding Down Home costs. Tha la Ait exp Naiva City among those surveyed was Pittsburgh where the median Price of a Home was $54,152. Followed by Dayton Ohio. $54,750 Cincinnati $55,300, Bloomington Normal iii., $55,900, and Akron Ohio and Reading pa., both with median Home prices last year of $56,000. The typical american buying a median priced Home of $75,000 last year made a Down payment of $14,000, representing just under 20 percent of the Cost of the House leaving a monthly mortgage payment of $573. To the mortgage payment was added $75 for real estate taxes $100 for electricity and other Utility costs and $22 Lor insurance coverage for a total monthly median housing expense of $770 last year according to the league Survey. At the two extremes the median monthly housing expense in san Francisco was $1,370 compared with $673 in Pittsburgh. Hera Ara tha 46 metropolitan areas included in the league s study with the median sales Price followed by the median monthly housing expense Akron Ohio $56,000 median sales Price last year $624 median monthly housing expense Albuquerque . $83,500, $796 Annaheim Santa Anna Garden Grove calif., $122,000. $1.133 Atlanta $87.250 $821 Baltimore $75.157. $790. Bloomington Normal iii., $55,900. $668 Boston. $126,000, $1,166 Bremerton wash., $83,500, $853 Chicago $87,000, $882 Cincinnati $55,300, $626 Cleveland $62,500, $704 Dallas fort Worth $94,950. $965 Danbury conn., $95,950. $954 Dayton Ohio. $54.750, $619 Detroit $61,000. $783. Fort Lauderdale Hollywood. Fla., $74,900. $739 Gary Hammond East Chicago ind., $62,000. $701 Greensboro Winston Stem High Point. . $68,625, $661 Harrisburg pa., $67.200. $732 Houston $88,350, $986. Kansas City  City Kan. $62,250, $726 Lansing Mich. $58.500. $739 los Angeles Long Beach $123,000. $1,206 Miami $82.400. $863 Milwaukee. $69.750, $778. Nashua n.h., $82.000, $891 Nashville Davidson tenn., $69,000, $688 Newark. $116.000. $1.139 new Orleans. $90,500, $858 new York $129.700.$1,141, Oklahoma City $80.500, $777 Orlando fla., $58,200, $604 Philadelphia $69.450, $733 Pittsburgh $54,152. $673 Portland Ore. $69.900.$739. Raleigh Durham n.c., $73.825. $802 Reading. A. $56.000. $621 Rochester. My. $66,000. $699 St Louis $67.000, $702 Salt Lake City Ogden utah.$66,000, $706. San Diego $120.750, $1.164 san Francisco. $152,000, $1,370 Tampa St. Petersburg fla., $63.750. $545 Trenton. . $66.000. $703 Washington d.c., $105,000, $1,000 West Palm Beach. Fla., $69,900, $766