WASHINGTON (February 9, 2012) – Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®.
Introduced with this release is a new annual metro-level housing affordability index, with historically favorable conditions dominating across the country.
The median… Read More
