Sorry for all the Lansing-centric posts recently, but we couldn't resist sharing this story with everyone:
The Lansing-East Lansing metropolitan statistical area was the nation's fourth most-affordable housing market during the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released today.
The region consistently is near the top of the index, which compares housing sales prices with a region's median income.
According to the index, 87.2 percent of the new and existing homes sold during the quarter were affordable for families earning $64,000 a year, the median income for the area
Also near the top of the list for affordable major metros this time around were Detroit-Livonia-Dearborn and Grand Rapids-Wyoming. More detailed information about the affordability index can be found here.
To learn more about our affordable housing loan program, be sure to check out this page on our website.