Affordability-STM

Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).  Here is how NAR defines the index:

“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”

Click on the graphic above to read about why they are concerned, and what it all really means to you as a homebuyer.  We think you will see the following:

Bottom Line

The Housing Affordability Index is in great shape and should not be seen as a challenge to the real estate market’s continued recovery.

So….Call OWN THIS HOME TEAM and we will help you with ALL of your real estate needs!