 
The September 2010 issue of Your Home is now available. Customize it and send it to clients or post to your Web site. 
The 2010 Media Kit and Editorial Calendar for The Residential Specialist magazine is now available.
| |
  Subscribe
Home Affordability Rises: NAHB
The National Association of Home Builders (NAHB) estimates that 55 million families, or half of all U.S. households, can afford today’s $200,000 median-priced new homes, thanks to record low mortgage rates and declining home prices. That’s an increase of 17 million households from two years ago.
Using data from the U.S. Census Bureau, NAHB compared home prices, mortgage rates and minimum income needed to purchase a median-priced home in February 2007 and February 2009. A typical household today can afford to purchase a home with $20,000 less income and still save nearly $500 per month on their housing expenses, including principal, interest, taxes and insurance. NAHB estimates that 55.4 million households can afford to purchase a home today compared with 38.4 million two years ago.
Tue, Apr 7, 2009
Return to the News
|
|
Carol Bond, CRS
Dickson Realty
Reno, NV
RSS News Feeds
Member Connect News
Member Connect Tools
What kind of activity do you see from first-time homebuyers now that the tax credit has expired?
Buyers are reluctant to purchase anything at this point, though they are still looking.
1 votes ( 25.00 %)
| Buyers are still shopping and making purchases, undeterred by tax credit expiration.
votes ( 0.00 %)
| Buyer activity has slowed considerably.
3 votes ( 75.00 %)
|
Total Responses 4
Recent Poll Results
Login To Vote!
Join the discussion
|
