A news headline we spotted yesterday took us by surprise: According to CNN.com, "Nearly 75% of homes are affordable."
A closer examination of the story reveals a couple of key conditions to their definition of affordable: "Nearly anyone with a decent job and a good credit score [our emphasis] can afford to buy ..."
The story caught our attention as we put the finishing touches on this year's "Between a Rock and a Hard Place: Housing and Wages in Vermont," our annual report on the state of Vermont's housing costs in relation to wages.