'The most recent housing affordability data should be encouraging to many prospective home buyers, because it shows that home ownership remains within reach of median-income consumers even as most local markets appear to be on a recovery path,' says NAHB Chairman Rick Judson.
The median price of all new and existing homes sold in the fourth quarter of 2012 was $188,000.
'It is noteworthy that affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values,' says NAHB Chief Economist David Crowe.
The nation’s most affordable major housing market? For the second-consecutive quarter, it's Ogden-Clearfield, Utah, according to the index. Read More..
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