Housing Affordability is the Highest in History!

Housing Affordability Index Breaks Records

Housing affordability for buyers reached a new all time high for the first quater 2012.  This is a composite of home prices and mortgage rates.  The index rose to 205.9 in the first quarter 2012. This is the highest it's been going back to 1970. 

Take a look at the Housing Affordability Index Chart below:

 Housing Affordability Index Chart

If you are a first-time home buyer, it's never been a better time to buy a home

Contact me today to find out real estate statistics about your town of interest or to view Morristown homes for sale.

Post a Comment

From our Blog

RSS Feed

Home

Posts By Category

Basking Ridge NJ Real Estate (1) Bernards Township NJ Real Estate (1) Bernardsville NJ Real Estate (1) Buying a Home (4) Chatham NJ Real Estate (44) Chatham Township NJ Real Estate (23) Convent Station Real Estate (10) Fun Stuff (17) Harding NJ Real Estate (20) Home Sales in Chatham Boro NJ (1) Livingston NJ Real Estate (13) Madison NJ Real Estate (39) Main (4) Mendham NJ Real Estate (2) Millburn NJ Real Estate (33) Morris County NJ Real Estate (4) Morris Township NJ Real Estate (68) Morristown NJ Real Estate (201) Morristown NJ Schools (2) New Jersey Real Estate (2) Randolph Real Estate (2) Real Estate Information (9) Selling Your Home (3) Short Hills Millburn NJ Real Estate (2) Short Hills NJ Real Estate (8) Short Hills Real Estate (4) Summit NJ Real Estate (22)

Posts By Month

What's My Home's Value?

Our professional analysis includes data on recent sales & current market trends.

Find Out Now
New Listing Email Alerts

Be the first to know when new listings hit the market.

Sign Up Now
What My Clients Say

Read what past clients have said about working with Susan Zanzonico.

Learn More