The Housing Opportunity Index found that 74.6% of new and existing homes sold in the first quarter were affordable to families earning the national median income of $64,400. That's up from 73.9% in the fourth quarter of 2010, and it's the highest level recorded in the more than 20 years the index has been measured.
With interest rates remaining at historically low levels, today's report indicates that homeownership is within reach of more households than it has been for more than two decades.
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