The Housing Affordability Index was developed over thirty years ago to help consumers determine when it is a good time to buy a home. It's considered advantageous to the buyer when the index is over 100 because a median income family can qualify for a median

price home.Housing Affordability Index


Recent figuresreleased by the National Association of REALTORS' economic department show that the 2011 index of 184.5 is the highest annual average since it has been calculated. The most recent month released, December 2011, was 194.9.

The index is also broken down into four regions of the country.
The two major components that contribute to the index are home prices and mortgage interest rates which are lower than they've been in the last five years which account for the dramatic rise in the index since 2006.


The Housing Affordability Index is another indication that this is a good time to buy a home for people who have good credit, a down payment and want a home. It may be the best time we'll see in our lifetimes.
           

Buy or Sell with Chris and Patty Clark              Denver, Co

Chris and Patty

If you would like for us to send you properties on a daily or weekly basis just call or email us and let us know your wants and needs. We will match them with a home you love and with monthly payments you can afford. We specialize in first time home buyers.MB logo

www.morningsidehomes.com
patty@morningsidehomes.com
Cell: 720-231-5200                       CRS,GRI,WCR,SFR,CNE, MRE

 

0 Comments on Good Credit..Down Payment..Now is the time.. See Why

Login or register to leave a comment
 
Dscf0023 Rainmaker_large

Chris \ Patty Clark Real Estate Broker Aurora Homes for Sale 720-231-5200

Denver, CO

More about me…

Serving the Denver Metro Area since 1979

Address: Attention Patty or Chris Clark, 8101 E. Belleview Ave #F, Denver, Co, 80237

Office Phone: (303) 796-7000

Cell Phone: (720) 231-5200

Email Me

<!-- Facebook Badge START -->Patty Clark

Create Your Badge<!-- Facebook Badge END -->


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find CO real estate agents and Denver real estate on ActiveRain.