(click on image to enlarge)
BOTTOM LINE: The Homebuyer Affordability Index rose to the best level in five years in February to 135.20. This index has surged 35.7% from its record low, hit in July 2006. The graph above, which goes back to January 1989, also shows that home affordability is now above the long-term average of 124.9. This is a major positive.
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