For the last 39 years the National Association of Realtors (NAR) has been gauging the affordability of homes across the US. Amazingly, the number just released is the best number since the report began. What this means is that this is the absolute best time to buy a home since 1970. Actually, since the report is only 39 years old it is possible, and likely, that this is the best time in nearly 50 years to buy a home. With rates having gone even lower since the report came out affordability is now through the roof and it's time to buy. Take a look at the history of the index and see for yourself what a great time it is: http://www.mortgagemarketguide.com/download/conarchy/Affordability_1970_88.pdf
http://www.mortgagemarketguide.com/download/conarchy/Affordability_1989_2009.pdf
8000 tax credits, low rates and now the most affordable housing market in a generation. GET MOVING!
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