CNN Money Reports U.S. Home Prices at Most Affordable Levels in 2 Decades

CNNMoney.com today reported that home prices across the U.S. are at their most affordable levels in 18 years:

Nearly 73% of all homes sold in the United States during the first three months of 2009 were considered affordable. That was the highest percentage ever reported by the 18-year-old Housing Opportunity Index, an analysis of markets compiled quarterly by the National Association of Homebuilders and Wells Fargo Bank.

While the article does state that the markets for new and existing home sales are still slow, they cite emerging optimism from homebuilders that the improved data – affordability, new homes sales up, pending home sales up – could indicate that the worst is behind us. Please click here for the full article.

As shown in our April Trends report last week, pending home sales for the region for April are up considerably: for Sarasota county, +18.44%; for Manatee count, +19.53%, for Charlotte county, + 16.91%.

Share your thoughts, leave a comment!



Google Profile