Moody’s on Housing: “This is as affordable as it gets”
February 10, 2011 by admin
Filed under Real Estate Articles
Image by New America Foundation via Flickr
“Based on incomes, this is as affordable as it gets,” said Mark Zandi, chief economist at Moody’s Analytics. “If you can get a loan, these are pretty good times to buy.”
Moody’s Analytics track the ratio of median home prices to annual household incomes in 74 markets. By that measure, housing affordability at the end of September had returned to or surpassed the average reached between 1989-2003 in 47 of those markets. Most economists believe the housing boom took off in 2003.
Related articles
- U.S. Home Prices Fall to Pre-Bubble Levels (dailyfinance.com)
- Home Affordability Hits Pre-Bubble Levels (online.wsj.com)
- Why the Housing Bottom Might Be Here (money.usnews.com)
More related Positive News
Fannie Mae Survey-70% say now is a good time to buy
September 17, 2010 by admin
Filed under Positive Real Estate
- Image by dalechumbley via Flickr
A survey by Fannie Mae shows that 70 percent of Americans believe it is a good time to buy a home. That is up from 64 percent in January 2010. Still, 33 percent–up from 30 percent in January–say they’ll rent next time around. About 67 percent believe housing is a safe investment, down from 83 percent of people questioned in a similar survey in 2003. Reuters
More related Positive News
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)
