Posted on August 25, 2011 - 09:04 AM
by Exit Realty Producers
According to a recent article by Inman News, housing affordability just hit another record high and surpassed the previous record set in the 4th quarter of 2010. The article goes on to say that 74.6% of new and existing homes sold in the 1st quarter were affordable to families earning the national median income of $64,400.
This means that roughly 3/4 of American families can achieve the home-ownership dream. With the record setting low interest rates and great deals available, this is a great time to buy a home.