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Fourth Quarter Metro Area Home Prices Boost Affordability, Sales Improving

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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

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