WSJ reports Home Affordability Returns to Pre-Bubble Levels

Data provided by Moody’s Analytics track the ratio of median home
prices to annual household incomes in 74 markets. By that measure,
housing affordability at the end of September had returned to or
surpassed the average reached between 1989-2003 in 47 of those
markets. Most economists believe the housing boom took off in 2003. Pair low prices with low interest rates and we look like we are
turning toward a recovery…… Barry Bevis, Broker/Realtor

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