The Silver Lining

Image by thinkpanama via Flickr

The National Association of Realtors recently released figures showing housing affordability is at its most favorable level since they began tracking such figures in 1970. “NAR’s Housing Affordability Index rose 13.6 percentage points in January to 166.8, a new record high.” NAR chief economist Lawrence Yun noted, with the exception of consumer confidence, “Conditions have been aligning very favorably for home buyers.” This is great news!

The index indicates that a family earning the median salary of $59,800 can now afford a $283,400 house. This is up from $263,300 last year. Also check out the quarterly housing affordability index for first-time buyers.

If all of this has inspired you to kick the tires on a few Vermont homes, why not start with these Williston VT starter homes.  If Williston isn’t your thing, start your search here.

This entry was posted on Wednesday, March 4th, 2009 at 3:02 pm and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.