Home Ownership: Is the American Dream More Within Reach
Monday, February 25, 2013
"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.
Nearly 75% of
"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 exterior limits of this trend are found in Utah, with 94% of
Source: National Association of Home Builders
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