According to the latest statistics, the home price-to-income ratio (percentage of family income required for mortgage payments on median-priced home) remains well below historical average of 25 percent. Stabilizing home prices are beginning to draw affordability back up to more normal levels, meaning NOW is an excellent time to buy a house. The ratio now stands at 14.9% as of August 2010. Contact your Realtor to find a great property now!!
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