Home Buying is Most Affordable In Decades, CNN Reports

CNN Money just published an article reporting that buying a home has reached its most affordable level in more than two decades. Nearly 78% of homes sold during the first quarter were affordable to those earning the national median income of $65,000, according to a report released Thursday by the National Association of Home Builders and Wells Fargo.

The reason: Home prices nationwide are off about 36% from their peak, median income has risen by about 10%, and mortgage rates are below 4%.
Read the entire article here.

 

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