Best Affordability In 18 Years
May 22, 2009 by admin
Filed under Positive Real Estate
Wow-Housing Affordability Highest in 18 Years!
Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
The HOI showed that 72.5 percent of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the national median income of $64,000, up from 62.4 percent during the previous quarter and up from 53.8 percent during the first quarter of 2008.
From http://charrissacawley.com/
Related articles:
- Most affordable city in the nation (money.cnn.com)
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