NAR Housing Affordability Index hits 42-year high in January

Index based on home price, income, mortgage interest rate data

House and penny image via Shutterstock.

The National Association of Realtors' (NAR) Housing Affordability Index reached a record high this January, at 206.1. January 2012 is the first month since the index's inception in 1970 that the index has hit or passed 200, the group announced this week.

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NAR Housing Affordability Index hits 42-year high in January | Inman News