Kohala Property - Real Estate Sales, Management, Leasing
RSS Become a Fan

Recent Posts

Do you want a fish farm just off Kawaihae Harbor?
On the other hand...
If you've got it...
Pele stretches under her skirt
Incredible opportunity in North Kohala

Categories

exploring
general information
legend
lifestyle
nature
real estate news
powered by

My Blog

2012 Affordability Record. 2013 to Follow.

Housing Affordability Index Set Record in 2012 & 2013 Projected Close. 2013 a Great Time to Buy if You Can Get a Loan.

2012 was as a record year for housing affordability, and a great year for buyers who could get a mortgage. NAR's Housing... Affordability Index was 198.2 in November. 100 is the point where a median-income household has enough income to qualify for a median-priced home, assuming a 20% downpayment and 25% of gross income devoted to mortgage principal and interest payment.
For 2012, NAR projects the housing affordability index to be a record high 194, up from 186 in 2011, the previous record.

"Home buyers are able to stay within their means but although 2012 was the highest index on record, excessively tight underwriting precluded many would-be buyers from locking-in generational low interest rates. Rising home prices and a gradual uptrend in interest rates will offset improvements in family income, but 2013 will likely be the third best year on record in terms of household buying power. A window of opportunity remains open for buyers who can qualify for a mortgage." L. Yun, NAR chief economist.

NAR projects the affordability index to average 160 in 2013, which means that a median-income family would have 160 percent of the income needed to purchase a median-priced existing single-family home. Conditions vary widely by state but even in the West, where the regional index is lower, the typical family is well positioned in most markets. So IF you can get a loan 2013 is a good year to buy.
excerpts from W. Moloney, NAR
 

4 Comments to 2012 Affordability Record. 2013 to Follow.:

Comments RSS
Brookins on Thursday, January 18, 2018 8:16 PM
Hi there! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a extraordinary job!
Reply to comment


Gianna on Friday, March 09, 2018 11:47 AM

Is Seatgeek Legit, Risk-free and Trustworthy?

We use SeatGeek for activities from baseball video games to concerts and performs. It can be an aggregator which means they do not in actual fact sell anything at all but, somewhat, they exhibit the cost of tickets from varieties of third-party sellers service fees integrated all in one spot. It can be an ideal way to - in a glance - see pricing from the bunch of sources.

Find the most cost effective listing on SeatGeek seatgeek tickets review then check out eBates to see if you can get increased cash again. A single example is if the most cost effective tickets are on Scorebig.com you will log in because of eBates to acquire the tickets from Scorebig and acquire 6% back.

Seatgeek Legit, Safe and sound and Dependable?

Why experience a 3rd bash ticket broker for a present readily available? For anybody who is inquiring concerning the Radio City Xmas Amazing considering the Rockettes just go direct to Ticketmaster just where you can easily see every seat on the market with the price level you need to shell out. Examine primary on Playbill, Theatermania, or Broadwaybox to discover if a reduction code is available for your performance you desire and enter it on Ticketmaster. By doing this the one thing further you pay out is Ticketmaster's company payment, which can't be averted for just about any on the web transaction.

Reply to comment


best term paper on Wednesday, May 16, 2018 10:19 PM
this looks like a place that either came out of the movies or the books. it is such an ideal place to stay and relax at. thank you for sharing the details
Reply to comment


scuba diving in cabo san lucas on Thursday, June 21, 2018 1:00 AM
Awesome location.When your statistics are very informative.Affordability is not a serious game for financially strong communities.Thanks for sharing this blog.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment