Ticor NewsMarch 4, 2011 Are We Back In the Land of Affordable Housing? by Phoebe Chongchua, Realty Times
I can hear the sound of gasps as those on bated breath begin to breathe again. This year may be “the end of the housing crash!”, according to The Wall Street Journal, (WSJ).
It seems that housing is again affordable and the bad news is, well, not so bad anymore. According to Simon Constable in the WSJ, the S&P/Case-Shiller home-price index, which tracks 20 markets, dropped 1% in December … and that is the fifth consecutive decline.
The drum is beating loudly and the tune is “houses are a good deal”. In fact, experts at Mood’s Analytic’s, where income and housing prices are studied, claim houses are more affordable than in decades.