It's no secret that many people have been waiting for just the right time to invest in a home, and right now seems to be that time. Housing affordability was at a record high through the second quarter of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Although tight credit conditions and our sluggish economy are posing roadblocks for potential buyers, many cities across the country are seeing stabilization and even recovery in their housing markets.
Among the most affordable housing markets in the US are in:
-Winter Haven, Fl
Conversely some of the least affordable housing markets in the US right now are in:
- New York, NY
- San Francisco, CA
- Redwood City, CA
- Los Angeles, CA
- Honolulu, HI
Do your research when searching for your new home to learn as much as you can about the housing market in your area. And remember, I am here to help!