Wednesday, February 16, 2011

Housing Remains Highly Affordable For Seventh Consecutive Quarter

Interest rates dipped to their lowest in two decades and housing affordability remained near its highest level nationwide for the seventh consecutive quarter, according to this article from Housing Zone.

"With interest rates remaining at historically low levels, and house prices starting to stabilize, homeownership is within reach of more households than it has been for almost 20 years...[T]hese favorable conditions are beginning to draw home buyers back into the market"

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