Berkeley has been named the worst housing market for buyers in the country, according to a study from ConsumerAffairs, a journal focused on consumer research.
The city falls just below Santa Clara, California. The rest of the bottom 10 are also located in California, with Oakland ranked 8th-worst and San Francisco 5th-worst.
The study factors in housing market competitiveness, affordability, home size and livability. It compares the average income in a city to its average home price, and in Berkeley, the average three-bedroom home costs nearly 14 times what the average household earns in a year, according to ConsumerAffairs spokesperson Dayna Edens…