U.S. Housing Affordability Hits High Levels

According to the National Association of Realtors, United States housing affordability has increased to historically high levels in 2013’s first quarter. 73.7% of new and existing homes sold in the first three months of the year were considered affordable for Americans earning a median income. Housing affordability is subject to change based on geological location and market size. Rick Judson, NAHB Chairman said, “thanks to very favorable mortgage rates and prices, housing affordability has remained quite high over the past four years.” More here

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