From RealTrends.com: Buying a home has reached its most affordable level in more than two decades.Nearly 78% of homes sold during the first quarter were affordable to those earning the national median income of $65,000, according to a report released recently by the National Association of Home Builders and Wells Fargo.
The reason: Home prices nationwide are off about 36% from their peak. Median income has risen by about 10%. And mortgage rates are below 4%.
Sotheby's International Realty ® is a registered trademark licensed to Sotheby's International Realty Affiliates, Inc. This Web site is not the official Web site of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any warranty regarding any information, including without limitation its accuracy or completeness, contained on this site. Equal Housing Opportunity. Visit Sotheby's International Realty 505.988.2533
Design By SantaFeWebDesign.com