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According to the Housing Affordability Index (HAI), Is it a good time to buy a house in New Jersey? Use the following information and show

According to the Housing Affordability Index (HAI), Is it a good time to buy a house in New Jersey? Use the following information and show all calculations: Median Housing Price in NJ = 500,628 Rate = 3.5% Term = 15 Years Mortgage Payment as Income = 17% Down Pmt = 20% Median Household Income NJ: 82,545

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