Home Ownership: Is the American Dream More Within Reach

 "The most recent housing affordability data should be encouraging to many prospective home buyers, because it shows that home ownership remains within reach of median-income consumers even as most local markets appear to be on a recovery path," says NAHB Chairman Rick Judson.


Nearly 75% of homes sold between Oct 2012 and December 2012 were to families earning a median income of $65,000 at a median price of $188,000.

"It is noteworthy that affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values," says NAHB Chief Economist David Crowe. 

The exterior limits of this trend are found in Utah, with 94% of home sales in the affordable range, and San Fran, California with only 28% of home sales in this same category.

Source: National Association of Home Builders


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Comment balloon 2 commentsHart Real Estate Solutions • February 25 2013 07:03AM


It is the American Dream to own your own castle, lets keep it so. 

Posted by David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct (DMK Real Estate ) about 6 years ago

Yes, amen to that David.   Tim H.

Posted by Hart Real Estate Solutions, Broker/Owner (Hart Real Estate Solutions) about 6 years ago