Not much (if anything) in 2012 is even close to the cost and affordability of goods and services from 1971; One thing that has found the same level of affordability as 41 years ago though are homes. In fact, homes are more affordable to purchase now then they were in 1971!
Home sales rose in the last month of 2011 according to the Housing Scorecard. Homeowners are also bringing home double the funds needed to purchase an average home.
According to Bob Nielsen, chairman of the National Association of Home Builders, "With interest rates at historically low levels and markets across the country beginning to improve, homeownership is within reach of more households." In fact, the Natioanl Association of Home Builders reports that there are 76 imporoving markets for the month, a 53% increase form last month.
Read the full Housing Predictor article.
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