This plots the same SD affordability ratio (in red) and the Freddie Mac average 30-year mortgage rate for June (in blue) on the same graph. 

I don’t know if it means anything, other than to recognize that this is the first time since 1980 that BOTH factors are near their lows at the same time.  Sellers, in particular, should take heed.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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