I just read an article on-line that said that homes are now at the most affordable rate in that they have been at in the last 4 years. This is because of falling prices in overvalued markets, and also a larger inventory of homes on the market, fueled by foreclosures. This is certainly good news, that homes are once again becoming affordable to the average person.
Thanks,
Chris Haynes
http://money.cnn.com/2008/03/04/real_estate/markets_less_overvalued/index.htm?postversion=2008030412
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