Outstanding housing affordability! – the best since they started keeping records.

The Housing Affordability Index published by the National Association of Realtors is literally headed off the chart.  (see their latest report here) It has never been as high nor risen as fast as it has in the recent past.  The index is a derivative of mortgage interest rates and personal income.  Rates are obviously low and personal income is rising.  Combine those facts with still very low home prices and -voila – more people can afford to buy more homes.  More home buying causes home prices to firm which helps consumer confidence which helps stimulate stock market investment – and that’s a good thing –eh?. . .  Jeb Terry, Sr. April 25, 2012

Aberdeen Investment Management – a guide service for micro-cap technology investment

Leave a Reply

Your email address will not be published. Required fields are marked *