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[...] SOURCE: http://economistsoutlook.blogs.realtor.org/2012/09/07/latest-housing-affordability-index/ Filed Under: Home Market News Tagged With: Affordability in Knoxville, Knoxville cost of living, Knoxville home prices, Knoxville real estate [...]
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[...] Danielle Hale, Research Economist. While prices are up compared to one year ago, mortgage rates are nearly a percentage point lower and incomes are up, though only modestly. Since the Housing Affordability Index factors in the effect of house prices AND income and mortgage rates, it is the case that nationally, the median priced home is slightly more affordable to the median income family than it was a year ago. [...]
[...] Housing Affordability Index, from Realtor.org, takes into consideration not just the price of homes, but also the average [...]
[...]  See, http://economistsoutlook.blogs.realtor.org/2012/09/07/latest-housing-affordability-index/ [...]
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