Tuesday, April 08, 2008

Homebuyer Affordability Index Graph


(click on image to enlarge)

BOTTOM LINE: The Homebuyer Affordability Index rose to the best level in five years in February to 135.20. This index has surged 35.7% from its record low, hit in July 2006. The graph above, which goes back to January 1989, also shows that home affordability is now above the long-term average of 124.9. This is a major positive.

No comments: