On The Level - The Home Improvement Blog
Category
Blogger
Date
About our bloggers
Contact our bloggers

Photo courtesy of I See Modern Britain.

Good News for Home Buyers?

 
At least with the wave of foreclosures and declining home values, things are looking good for prospective home buyers. According to the New York Times, the Housing Affordability Index is at its highest level since data was first collected in 1971. For you math and economics junkies, the index stands at 158.8, meaning "a family earning the median income has 158.8 percent of the income needed to qualify for a mortgage on a median-priced home." You can see a graph of the Housing Affordability Index standings over the years at the original article.


Comments

Login or Register to Comment
Title/Content Author

Inspections Still Needed

03/02/2009 12:54 AM SeattleInspector

When money is tight and your dream home is now thousands cheaper sue to the economy should you save more and skip the inspection?

NO - We are finding more problems now due to cover ups than ever before. If you live in the Seattle,Wa area visit http://www.pacificnorthwestinspections.com for a certified inspector. Columbus, Ohio residence visit http://www.ohioinspectionsgroup.com and let a certified inspector help protect your investment.

Homeowners are doing some crazy things on repairs to save money, don't let your new home cost you your savings.

With over 15years of experience your in good hands.

Member Since
03/02/2009

Total Contributions
2

Login or Register to Comment
  Login or Register to Comm ent






About  | FAQ  | Contact  | Sitemap  | Privacy Policy  | Terms of Use  | Help

© 2016 Renovate Your World LLC