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Blomquist: affordability peak may be past
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Industry News
Tuesday, August 12, 2014
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RealtyTrac, a provider of real estate data and analytics, released a report Aug. 7 that shows housing affordability for many median-income households has dropped below historical averages. What the report shows is that while there might not be a need to sound the alarm for dangerously low affordability in most markets at the moment, there has been a shift away from the peak buying climate that some areas have enjoyed over the last several years.
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