Friday, March 27, 2009

Housing has never been more affordable

than now:
... the typical household earning the median family income of $59,726 in February would have 173.5% of the qualifying income to purchase a median-priced existing single-family house ($164,600) with a 20% down payment, which would be the highest level of housing affordability since the NAR started reporting housing affordability in 1971.

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