NAHB housing affordability index
May 27, 2006 Print This Post
//MOOD: Swell
//NOISE: Cartoons
Check this out. According to the NAHB housing affordability index:
Among all cities, including smaller ones, Lansing, Michigan ranked as the most affordable metro area surveyed. Some 92.7 percent of all homes sold there could be bought by families earning the median income in town.
They also reported that the Average home price (that sold in the first quarter) was $108,000 and that the median family income is $64,900.


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