Monday, June 21, 2010

Affordability Remains Positive

Post by: Andrew Flachner of the Andrew Scott Real Estate Group

Affordability remains advantageous, supported by some of the lowest mortgage rates in decades as well as less expensive home prices. The home price-to-income ratio continues to remain well below the historical average of 25%. The ratio now stands at 14.9% (Freddie Mac, National Association of Realtors)

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