Monday, September 28, 2009

Home affordability

According to the National Association of Realtors affordability index, the San Diego area has the least affordable housing market in the U.S. San Diego's median income was nearly 30% less than the income needed to buy a median-priced home. The most affordable homes were in Peoria, Illinois, where median income was nearly three times the income needed to buy a median-priced home.
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