The Housing Affordability Index (NAR) Says...
Good Monday Morning!
Wow! What a weekend for the Eugene and Springfield area. That was a welcome taste of Summer!
The housing affordability index as reported by NAR is currently at it's highest point since 1970 when records began. This situation is the result of the long decline in home values nationally and the continuation of historic low mortgage interest rates. The only thing holding back a huge surge in the national housing market is job creation. In areas of the country where the jobless rate declines there may be a large increase in home sales. NAR goes on to predict that the home affordability index will remain high for no less than most of 2012.
This index indicates that right now is possibly the best time to purchase a home in the history of this country and that many great opportunities are still out there for home buyers.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
3600 Wood Ave
Great Home with Large Backyard! Spacious living room with fireplace, kitchen opens up to dining room, well-sized master with his-and-her closets, laundry room. Third bedroom being used as an office. Garage with built-in cabinets. Outside features co...
AND HERE'S YOUR MONDAY MORNING COFFEE!!