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Home ownership more affordable in US

Posted on 28 November 2011

Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is now more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of US cities.

The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s largest metropolitan areas, detailed Saturday, found that home values declined in all but five markets compared with the second quarter, according to data from Zillow Inc………………………………………Full Article: Source


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