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Two New York State markets top affordability chart for fourth quarter 2013

Feb 21, 2014
Syracuse, NY and Buffalo-Niagara Falls, NY were among the major U.S. housing markets at the top of the affordability chart in the fourth quarter, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). 

Slightly lower median home prices along with a small uptick in mortgage rates contributed to housing affordability holding steady in the fourth quarter. In all, 64.7 percent of new and existing homes sold between the beginning of October and the end of December were affordable to families earning the U.S. median income of $64,400. 

New York-White Plains-Wayne, NY-NJ was among the major metros at the bottom of the affordability chart. 

To read the entire NAHB press release, click here.
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