Home Affordability Index Indicates Housing Most Affordable in Over 40 years

Dennis Norman

If there is a silver lining to the lousy real estate market we’ve witnessed over the past 3 years, maybe this is it….housing affordability!

According to the Beacon Economics Home Affordability Index, homes selling in August were at their most affordable level sinde data became available over 40 years ago (1969).Ā  The Beacon Index, quite similar to the National Association of REALTORS housing affordability index, takes into account the percentage of income an average family would need to make mortgage payments on an average home. Continue reading “Home Affordability Index Indicates Housing Most Affordable in Over 40 years