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Affordability. Timing the market. Is it the Right time?
20 February 09 01:57 AM | Elena & Kirill Gorbounov(a) | 0 Comments   
National Association of Realtors (NAR) data shows that home affordability index (HAI) is at the best level in more than THIRTY years. The current HAI value of 141.8 means that a family earning the national median family income has 141.8% of the income needed to qualify for a conventional loan covering 80% of a median-priced existing single-family home!!! So, if your credit is good and you have the downpayment (can be a present) then investing in real estate is actually more viable an investment than it has been in many years! So is the right time to buy? ~Source: NAR (National Association of Realtors) Read More...