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Home Affordability Index Indicates Housing Most Affordable in Over 40 years

Dennis Norman

If there is a silver lining to the lousy real estate market we’ve witnessed over the past 3 years, maybe this is it….housing affordability!

According to the Beacon Economics Home Affordability Index, homes selling in August were at their most affordable level sinde data became available over 40 years ago (1969). The [...]

Homes are affordable; Should you buy? Rent? Do home prices need to fall further?

Dennis Norman

I thought I would end the week by giving everyone something to dwell on and contemplate over the weekend.  Actually, I set out this morning to do a post about the National Association of REALTORS(R) (NAR) Housing Affordability Index for February which was recently published.  As I was reviewing the data in [...]

Housing affordability slips in June; but homes still very affordable

Dennis Norman

By: Dennis Norman

The National Association of REALTORS(R) has been reporting and tracking a “Housing Affordability Index” since January 1989. The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home.

The Housing Affordabiity Index for [...]

Buyers are returning to the market – Home sales up 4 months in a row

By: Dennis Norman

Lawrence Yun, Chief Economist, NAR

It appears that lower prices along with low interest rates are bringing buyers back into the market as the market continues to show signs of life and gives us hope that we may be near the bottom.

The National Association of REALTORS(R) issued their Pending Home [...]