Seattle Times posted a great article detailing how King County homes have become affordable for the first time since 2004
This year, for the first time since 2004, the typical King County family again can afford the typical King County house, according to one widely circulated measure.
The Washington Center for Real Estate Research’s “housing affordability index” for the county for the second quarter was 102.4. That means a median-income family earned 2.4 percent more than needed to carry the mortgage payments with conventional financing on a median-priced house, put at $387,500.
Related posts:
Great article. Thank you for the post Keane.