Ok, so you don't believe it, but here's the truth. Housing is at it's most affordable in a generation. According to the National Association of Realtors Housing Affordability Index, there hasn't been a better home buying opportunity in 40 years. This rise in affordability is attributed to a combination of lower home prices, record low mortgage rates and a slight (ever so slight) rise in family income.
Having said that, qualified families continue to face challenges due to overly stringent underwriting standards. The unwillingness of banks to lend is holding back buyers and offering financing to only the most highly qualified borrowers, ignoring a large share of otherwise creditworthy buyers.
Home ownership is still the American Dream and Realtors can make that happen!!!!
