Although the housing market across the country is in a recession, the Grand Rapids-Wyoming metro area ranks as one of the most affordable housing markets in the US.
According to excerpts from the story:
Indianapolis retained its standing as the most affordable major U.S. housing market for a ninth consecutive quarter in the latest NAHB/Wells Fargo Housing Opportunity Index (HOI).
"The third-quarter HOI reading indicates that 42% of all new and existing homes that were sold during the third quarter were affordable to families earning the national median income of $59,000," said NAHB President Brian Catalde. "This reflects a slight improvement in affordability from a year ago, when only 40.4% of homes were within reach of median income-earners."
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