Monday, May 21, 2012
Housing Affordability Reaches Record Highs
However, while affordability remains high, many home buyers are still being shut out of the market and are unable to take advantage of the deals due to tight lending conditions, housing experts say.
If you are ready to purchase a home, get pre-approved first. This will let you know what you can afford and if a mortgage will be available to you before you start your home seach.