A rismedia article dated April 8, 2009 stated that thanks to the record low mortgage rates and declining home prices half of all U.S. households can afford today’s $200,000 median-priced home. That is an increase of 17 million households from conditions just two years ago and the best housing affordability number we have seen in years. A typical family today can purchase a house with $20,000 less in household income and save nearly $500.00 a month on their principal, interest, taxes and insuranc…
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Posted on April 8, 2009 at 9:17am —