housing affordability

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By Jana Lynott & Shannon Guzman, AARP Public Policy Institute
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The National Association of Realtors announced earlier this year that its Housing Affordability Index shows 2012 was a record year for housing affordability.  Subsequently, articles appeared in the media with titles such as " Housing Today Is More Affordable Than at Any Time in History" and " 2012 a Banner Year for Housing Affordability, Industry Group Says ." In addition, I've seen TV reports that continue to note how affordable housing has become.
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Remember how our parents paid off their homes and then retired? Fewer of us are doing that today. What's more, our house payments are taking a bigger chunk of our earnings than they did a decade ago, according to an AARP report.
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