According to the National Association of Realtors (NAR), 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage.
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NAR's national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power; recordkeeping began in 1970. Read More...
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