Thursday, November 3, 2011

Current Home Affordability

30 years ago, the median mortgage payment was more than double what it is today.
Owning a home is more affordable than you probably think.
Affordability measures ability to buy - that is, the amount of a median family's income consumed by the median mortgage. In 1981, it took 36% of the median family's income to pay the mortgage on the median priced home. Today it takes 15% -- a historic low!

Visit WheatonHomes4Sale.com to view affordable homes in your area.


Email KatieOakes@KW.com for specific help and assitance on how you can take advantage of today's housing market.

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