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King County housing-affordability index best in 17 years ยท WAHomeowners.com

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King County housing-affordability index best in 17 years

King County housing-affordability index best in 17 years

Thanks to declining prices and record-low interest rates, houses in King County are more affordable now than they’ve been in at least 17 years, a new score card says.

The county’s “housing affordability index” score, a measure devised by the Washington Center for Real Estate Research at Washington State University, hit a record high of 127 in the third quarter.

That means a typical family’s income was 27 percent higher than what it needed to make payments that won’t bust the household budget on a median-price house.

Read Story on the Seattle Times…