The Housing Affordability Index reached a record high of 192.3 forFebruary, 2011. Two contributing factors to the Index are the priceadjustments homes have experienced in recent years combined with theunusually low mortgage rates make this an outstanding opportunity forbuyers who can qualify.

Before the housing bubble burst in 2006, the index average for theyear was 108. The high prices and higher interest rates restricted manybuyers from purchasing. As the market started to deteriorate, whichresulted in declining values and lower interest rates, the index startedto rise.

The opportunities are not being seized by buyers and some real estateprofessionals feel that it's because there is confusion in themarketplace. Buyers are uncertain whether they would qualify and whethernow is a good time to be purchasing a home.

All markets are different and every situation is unique. The onlycertain way to determine would be to investigate your individualsituation. You owe it to yourself and your family to visit with a realestate professional who can show you the real cost of housing andrecommend a lender.

The National Association of Realtors releases the index atthe end of each month with a two month lag time for compiling theinformation. When the index is at 100, a median income family can afforda median price home. As the index increases, housing affordabilityincreases.

To take advantage of this great opportunity Contact Me.