Home Affordability is near record highs (which is a good thing) This rating means that American families are buying homes within their means. The National Association of Home Builders said the affordability of homes sold in the second quarter for 2011 was 72.6%. The national median income is $64,200.At a time of high affordability it means prosperity, homeowners are purchasing within their limits and with the historic low interest families are getting great deals on homes and will be well financed to make affordable payments. Unfortunately, the high level of affordability has not turned into more sales, actually, the national average of home sales dropped 3.5% in July from June sales.
*If you want to read the whole story check it out on RealtyTimes.com
Matt Ullrich
303.941.2452
ullrich@boulderco.com
RE/MAX of Boulder, INC
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