Syracuse ranked as nation’s most affordable major housing market; housing affordability rises for fourth quarter 2014

Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter of 2014, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).Syracuse, NY claimed the title of the nation’s most affordable major housing market, as 92.8 percent of all new and existing homes sold in the fourth quarter of 2014 were affordable to families earning the area’s median income of $67,700. 

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