Housing Affordability Soars in the USA, Investors Move In

It's a good time to buy a home or invest in a property. With so many distressed properties on the market, housing affordability has jumped to levels not seen in 20 years.
The Housing Opportunity Index (HOI) for the fourth quarter 2010, reveals that 73.9 percent of all new and existing homes sold were affordable to families earning the national median income of $64,400.



That record-setting level beat the last record high of 72.5 percent set during the first quarter of 2009. It was also the eighth consecutive quarter that the index has been above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.

Where the bargains are
With 93.5 percent of all homes sold affordable to households earning the area's median family income, the Indianapolis-Carmel, IN area was the nation's most affordable large housing market.
Also ranking near the top of the most affordable major metro housing markets were a host of other areas. Contact me if you would like more information.