Industry News

U.S. real estate affordability drops

First-time buyers could afford $119,700 home in third quarter
Published on Nov 1, 2004

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by CareyBot

General housing affordability conditions fell during the third quarter, a result of higher home prices, but remained favorable, according to the National Association of Realtors. NAR’s composite Housing Affordability Index was 128.6 during the third quarter of 2004, down 3.7 ...