Friday, March 27, 2009

Real Estate SlideShow

Thursday, March 5, 2009

3708 Birmi Dr. is Now Ready!

Lovely well-maintained home. Free from pets and smoke. Large 2 car driveway. Refrigerator, range, and dishwasher. Huge Master Bedroom with double vanity sink. Walk- in closet. Storage room for washer and dryer. Located in the Villages of Cornwallis. Convenient to Research Triangle Park/ I-40/The Streets of Southpoint/RDU Airport/ and the Colleges and Universities.

Tuesday, March 3, 2009

Record High Affordability

Talk About The Good News - Record-High Affordability
Posted On: Tuesday March 3, 2009
Good Morning,

What you think about you talk about, what you talk about you bring about - think and talk about this....

Record-High Affordability

The report's housing affordability index rose 13.6 percentage points to 166.8, a new record high.

A value of 100 means that a family with the country's median income has exactly enough income to qualify for a mortgage on a median-priced existing single-family home. The higher the index, the better housing affordability is for buyers.

The reading shows the relationship between home prices, mortgage interest rates and family income is the most favorable since tracking began in 1970.

"History suggests that home sales can rise even in times of job losses when housing affordability rises," said Yun, adding that he expects sales to turn around by the summer.

Joe

Source CNN Money Special Report

Posted By: Joe Stumpf