Housing Affordabilty

Housing affordabilty is at historical lows, not since the 70's has it been this affordable.  Housing affordabilty is determined by looking at average housing prices along with mortgage interest rates (30 year) and determining what percentage of a homeowners monthly income is consumed by their house payment.  Currently it's at 13.6% compared to 23% in 2006.  Take a look at the attached slide presentation.

2012 U.S. Housing Market

Even Warren Buffet says buying single family homes in this market is better than stocks!  Read his comments on CNBC.

http://www.cnbc.com/id/46538421

Take a peek at what's on the market and let me know it you'd like to get the ball rolling on finding a home.