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To: Johnny Canuck who wrote (36905)	5/1/2002 10:48:02 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

Housing affordability off in Q1 by Steve Kerch Rising home prices and a slight uptick in mortgage rates offset a small increase in household income to make home buying less affordable in the first quarter. The National Association of Realtors said Wednesday its affordability index slipped to 137.2 from a revised 141 at the end of 2001. The index measures the ability of a household with the median area income to afford a median-priced existing home. David Lereah, chief economist for the Realtors, said the readng was a reflection of low investories of homes for sale, which has pushed up prices across most of the country.