For the first time since 2004, the typical King County Family can again afford the typical King County House.  The Washington Center for Real Estate Research's Housing Affordability Index is over 100%.  That means the typical family earns 2.4% more than they would need to buy that typical house; currently valued at $387,500.  The double digit reduction of home prices over the last few years covers the levelling out of incomes in this slow economy.

August 26, 2009