Housing Affordability Index
Kurt Brouwer January 30th, 2009
Good news, that is for home buyers. As in most things, good news is relative. The housing affordability index, which measures how easy or hard it is to buy a home given current prices and mortgage rates, is looking pretty darn good.
All those folks who were complaining about how hard it would be for their children to buy a nice home. Problem solved.
Source: Carpe Diem
The higher the index the more affordable housing is for the average family. This is good, for buyers that is. But, really it is good for everyone in the long run.
- Business , Economy , Geopolitics , Money , Personal Finance
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