Homes Have Never Been More Afforable!

Homes have never been more affordable!
For individual home buyers, there are only a few facts that really matter:
• Can I afford this home?
• Is it a good investment?
• Does it meet my family’s needs?

So it’s a bit surprising that the most important housing statistic has gone largely unreported: homes have never been more affordable. Affordability, measured by the median mortgage payment on the current median
priced home ($182,400) as a percentage of the median household income ($64,400), is lower than it’s been in a generation. Contact Tami Winbury for the chart which tracks housing affordability for the past 10 years, shows incredible improvements in affordability since the height of thereal estate boom in 2006.

“Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interestrates, helped partly by the Fed’s very accommodative monetary policy.”-Lawrence Yun, Chief Economist The National Association of REALTORS®

Now is the opportunity to purchase short sales and help the current home owners from being foreclosed on by the banks.  Buyers who are in the market have the power to help!  Once the homes are foreclosed on Buyers are given the opportunity to purchase a home at a price the bank decides is the homes true value. Call today for more information.

Ask yourself:  Do you want to live in Ojai or Ventura?  Ventua County is a friendly,  family, beach community.  Search http://www.venturacountyhomesforsale.net/  for information and to view homes for sale in Ventura and surrounding cities.  Search http://www.liveojai.com/ for information about Ojai speficially and to view homes for sale in Ojai