CNN Money says Homes Most Affordable in Two Decades - via CNN Money

U.S. home prices are their most affordable in 18 years, according to a report released Monday.


Nearly 73% of all homes sold in the United States during the first three months of 2009 were considered affordable. That was the highest percentage ever reported by the 18-year-old Housing Opportunity Index, an analysis of markets compiled quarterly by the National Association of Homebuilders and Wells Fargo Bank.


To be deemed affordable, a family making the median national income of $64,000 must be able to buy the property and devote no more than 28% of their income toward housing costs.



To view the entire article from CNN Money go to: http://bit.ly/cq6zm . Let me know what you think. Our area, the Triangle Area is seeming a real pick up in the market. This coupled with the $8000 first time home buyer credit could make 2009 the best year to purchase a home in years!


If you or any of our friends, family, co-workers or neighbors have questions about the Triangle Real Estate Market... I can be reached by email, FillingimL@hpw.com or phone (919) 877-8832.




Warm regards,

Lora