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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). The Beacon Continue reading… Home Affordability Index Indicates Housing Most Affordable in Over 40 years
Dennis Norman I thought I would end the week by giving everyone something to dwell on and contemplate over the weekend. Actually, I set out this morning to do a post about the National Association of REALTORS(R) (NAR) Housing Affordability Index for February which was recently published. As I was reviewing the Continue reading… Homes are affordable; Should you buy? Rent? Do home prices need to fall further? By: Dennis Norman Lawrence Yun, Chief Economist, NAR The National Association of REALTORS(R) issued their Pending Home Sales Index Report for May which showed a very modest increase of 0.1% on the index, over April, however May marks the fourth month in a row the index has increased. It was almost five years ago (October, 2004) the last Continue reading… Pending home sales increase again in May – Fourth month in a row |
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