You Don’t Have To Be A Millionaire To Buy A Home

That is the headline from CNN and I love it because it is so true.  They are more affordable today then almost ever before.  I really don’t have much more to say on this topic because it speaks for itself with low rates, home prices down, and the tax credit. 

“The NAHB judges a home to be affordable if a family making the metro area’s median income could buy it if they devote no more than 28% of their take-home pay toward housing costs.”

http://money.cnn.com/2009/11/19/real_estate/housing_affordabilty_survey/index.htm?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29