Housing Affordability at All-Time High

Carpe Diem has found some great news regarding housing:

Hopefully, the increase in housing affordability and new record-high will play an important role in the real estate market’s recovery. Interestingly, the record-high level of housing affordability has not yet been reported, or at least I couldn’t find a single news report on this topic.

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6 Responses to “Housing Affordability at All-Time High”


  1. 1 colinjross January 30, 2009 at 1:24 PM

    Presumably this measure of affordability is prices related to income.

    This is fine but if the current crisis has told us anything is that the supply of debt finance is more important that simple income measures.

    If you need to borrow you can’t take advantage of the price falls.

  2. 2 Claudio Ramirez March 18, 2009 at 6:03 PM

    I would have to agree that its of no gain if you have to borrow money afford buying a house and the way the situation is right now with loans, its impossible to even get loans because that is what started this forclosure crisis in the first place, and for homeowners, all it does is lower the value of your homes and effects the process of refinancing.

  3. 3 Gilberto Vazquez March 18, 2009 at 11:58 PM

    it may be easier to buy a house but with the economy being so crazy u dont know if its are gonna get worse and collapse. people just dont want to make big investments when they dont know if they can fulfill their end of the deal with things being as they are now.

  4. 4 T May 25, 2009 at 7:30 PM

    Interest rates are down on loans and as long as your stated income is high and you have at least 20 percent to put down on the house your gravy it is an excellent time to buy houses, just not to sell.

  5. 5 Hailey Cook August 6, 2009 at 10:32 AM

    On the topic of affordability, not only is it a good time bo buy, but it is an extremely good time for renters as well, because many house owners can not afford to sell there homes, they are trying to pay off their mortagages with VERY LOW rent rates, just scraping by, it used to be impossible to find anything in Napa Valley for under $800 a month, I have had at least 5-6 offers for rooms for rent under $500-$600 in the last 2 months, and many people asking to spread the word that they are looking for renters.

  6. 6 Melissa Alexander November 22, 2009 at 6:26 PM

    Now may be the right time to buy…but who has the money or the credit to do so anymore….I know I don’t. And I have several friends who bought at it’s peak and are now upside down in their loans. The economy went to crap and so did my credit due to lack of work and being able to pay my bills on time. Now, barely getting by, I could never even qualify for a homeloan…even if it would be cheaper than the rent I pay now….It’s very frustrating!


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