According to the National Association of Home Builders-Wells Fargo Housing Opportunity Index, the Sacramento Region has an index of 70.3%. This means that 70.3% of families earning a median income can afford to buy a home.
The index for the nation during the reporting period, 3rd Quarter 2009, is 70.1%.
Sacramento has not been this affordable in many years. Of course it is due to reduced pricing with all the foreclosures and short sales.
Investors, it is time to buy!