Home Sales May Grow Thanks to Affordable Housing

Some housing experts predict home sales will rise between 7 and 10 percent in 2011 from last year, thanks to an improving job market, sustained economic growth, and greater housing affordability. Low interest rates also are helping some transition from renting to owning in a market that is still facing a glut of distressed homes. Based on the National Association of Realtors’ Affordability Index, those earning the national median income have 170 percent of the income they need to purchase a median-priced home. | Read More