Housing Affordability Index Reaches a Record High
One of the upsides of a real estate correction like the one we are seeing is that for those that are in the market to buy a home, they have become far more affordable in recent years. Couple that with low interest rates and we are seeing a buying opportunity that has rarely, if ever, been present in our lifetimes.
A Housing Affordability Index of 100 represents the ability of a median income family to afford a median priced home. As the index goes up, affordability…
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March Numbers
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