Daily Real Estate News | August 15, 2008
10 Most Expensive States for Closing Costs
A slowing housing market isn’t stopping closing costs from rising, according to a study by Bankrate.com.
The 2007 average closing cost of $2,736 has gone up to an average of $3,118 in 2008, a 14 percent increase. New York City at $4,016 is the most expensive place to close. North Carolina is the least expensive area with an average fee of $2,650.
Here are the top 10 most expensive states to pay closing costs.
- New York: $4,016
- Texas: $3,975
- Florida: $3,683
- Oklahoma: $3,558
- New Mexico: $3,465
- New Jersey: $3,432
- Pennsylvania: $3,411
- Alaska: $3,409
- Colorado: $3,358
- California: $3,321
Source: Bankrate.com (08/07/08)
