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 | 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 [...] 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 [...] By:Dennis Norman Lawrence Yun,Chief Economist,NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for April which showed a significant increase of 6.7% on the index,over March. April makes the third month in a row the index has increased. Lawrence Yun,NAR chief economist,said “buyers are responding [...] Dennis Norman By:Dennis Norman According to a new study by the Center for Housing Policy despite declining home prices,many of the jobs created through the federal stimulus package do not pay enough to afford a home. The study, Paycheck to Paycheck:Wages and the Cost of Housing in America, This new study compares housing [...] 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 February was at [...] By:Dennis Norman Last week I wrote a post about housing affordability being at a record low. Two weeks ago,for a blog for real estate investors,www.RealEstateInvestorDaily.com,I did a blog about a study by a professor at the University of Virginia School of Architecture indicating that price declines and foreclosures were not as [...] By:Dennis Norman The National Association of REALTORS(R) has been reporting 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 January was at the [...] | ||||
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