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@properties, affordability, chicago, condos, financing, foreclosure, home buying, interest rates, kevin van eck, real estate
Based on the December Housing Scorecard from the Obama Administration, home affordability is stable. There are a few factors that could easily start to swing this, including rising mortgage rates and a restart in the foreclosure boom following the temporary hold because of lender procedural issues.
Check out this article from RIS Media highlighting the scorecard: http://rismedia.com/2010-12-26/december-housing-scorecard-shows-continued-home-affordability/
And, as always, be sure to consult with your local real estate professionals on current market conditions in your area!
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