Housing Affordability Soars, Investors Move In
It’s a good time to buy a home or invest in a property. With so many distressed properties on the market, housing affordability has jumped to levels not seen in 20 years. The National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) for the fourth quarter 2010, reveals that 73.9 percent of all new and existing homes sold were affordable to families earning the national median income of $64,400. That record-setting...
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