Download Natl Assoc Housing Affordability Index
Cathy and I know that you are always seeking new ways to grow your business. Attached is a chart of information that has been compiled by one of our mortgage service companies. It’s the “Housing Affordability Index” for the past several years. To summarize the information, it’s better to have a higher number than a lower number. For example: We are at the highest affordability index in 40 years….May 2011 is showing 182.7. The lowest in 40 years was in 1981 when it was at 68.9 (this was because of the 18% interest rates). This information takes in to consideration of the medium income, the current interest rates and the average price of homes. What this means is that we have the best of all worlds….lower prices, lower interest rates and stable income.
Something to share with your clients. Have a wonderful weekend!
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