According to a report by RealtyTrac, today’s homes are significantly more affordable than they were in 2006. Vice President of RealtyTrac credits a couple factors,
“…this analysis somewhat surprisingly shows that affordability is actually improving in most markets thanks to falling interest rates and slowing home price growth, which is allowing wage growth to catch up in some markets.”
To read more, visit the original article on floridarealtors.org.
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