Housing prices in AA are good, apparently

I was wrong; housing in Ann Arbor is affordable. Just look at this chart from Consumer Reports. Ann Arbor gets a "Fair Value" rating, with only an 8% differential between what's affordable and what the market price is.

Oh, except that in the first three quarters of last year, the rate at which prices increased began to accelerate. I wonder where those $224,000 houses are? Not anywhere near downtown, I guarentee.

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