More great news for homebuyers was released this week. On Tuesday, the National Association of Realtors (NAR) reported that its Housing Affordability Index (HAI) rose 13.6% in January to 166.8, a new record high. In fact, the relationship between home prices, mortgage interest rates and family income is the most favorable since tracking began in 1970. [...]

The long-delayed overhaul of Philadelphia’s property-tax assessment system will likely be put off for another year. The move postpones a politically difficult transition, which is expected to eventually lead to significantly higher property-tax bills for many Philadelphians and lower bills for others. The delay will also preserve for at least another year what critics say [...]