Housing Affordability Highest in 18 years!
May 19th, 2009 | 
Author: Nationwide housing affordability jumped 10 % during the first quarter of 2009 to its highest level in 18 years.
72.5% of all homes sold in the first quarter of 2009 were affordable to families earning the national median income of $64,000, up 10% from the previous quarter and up 20% during the first quarter of 2008.
Indianapolis, with 95% of all homes sold, was the most affordable major housing market in the country during the first quarter. New York-White Plains-Wayne, N.Y.-N.J., where only 21 percent of all homes sold during the period were affordable, was once again the nation’s least affordable major housing market. The Philadelphia Real Estate market was ranked 193 of 222.
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