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Scranton Pa Home Affordability At Record High
The latest home affordability numbers are out.  These are national averages.  Home prices have reached an all time affordability level for buyers.

If you are looking to buy a home in the Scranton Pa area this is certainly an excellent time to be shopping.
Use the same MLS search used by Realtors in Scranton Pa.
scranton-pa-homes-for-sale.com
Home Affordability Reaches An All-Time High Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout New York and the country.
According to the National Association of Home Builders, the quarterly Home Opportunity Index read 75.9 in 2011’s fourth quarter. More than 3 in 4 homes sold between October-December 2011, in other words, were affordable to households earning the national median income of $64,200.
Never in recorded history have U.S. homes been as affordable on a national level. Even on a regional and local level, affordability soared.
Affordability was highest in the Midwest; 7 of the 10 most affordable markets nationwide were in the nation’s heartland.
The Top 5 most affordable U.S. cities in Q4 2011 were:
Kokomo, IN (99.2% home affordability) Fairbanks, AK (97.5% home affordability) Cumberland, WV (96.9% ... more

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