KC Condo Tracker

Recession Creates Most Affordable Housing Market Since 1971

June 29th, 2009 9:49 AM by AJ Gentry

As the old saying goes, when you're handed lemons, make lemonaide. That's just what the recession is doing for the real estate market for buyers. The National Association of Realtor's Housing Affordabiilty Index is at an all time high since the index was created in 1971.  What does that mean? Declining home prices combined with low mortgage rates make it the most affordable time to purchase real estate if you have the means to pass stringent underwriting standards. Drink up.

Posted in:General
Posted by AJ Gentry on June 29th, 2009 9:49 AM



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