Buyers in the Market – Are the Numbers Increasing?

It can be seen that the number of buyers in the market has increased. The National Association of Home Builders/Wells Fargo Housing Opportunity Index shows that nationwide housing affordability closed out the year near its highest level since the data series began 18 years ago. The index showed that 70.8% of all homes sold in the 4th quarter of 2009 were affordable to families earning the national median income. This is up from 62.4% from the same period in 2008, and close to the all-time high of 72.5 set in the first quarter of 2009.

 

2010-2-HOI affordability Index