Monday, May 18, 2009

Homes: Most affordable in 2 decades

http://money.cnn.com/2009/05/18/real_estate/most_affordable_cities/?postversion=2009051813

Think about this....here are some reasons to call the bottom here:

1) Houses are the most affordable in 18 years

2) A 30-year fixed mortgage averaged less than 5% during much of the quarter, according to mortgage giant Freddie Mac.

3) $8,000 federal tax credit for first-time homebuyers

Once these facts sink in ..... I am expecting an end to the housing downturn......later in 2009.