A few pieces of good news for the day.

1. The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median  income family($64,000 as of this writing)
2. Mortgages were still artificially low, subsidized by the Federal Reserve. This can’t go on forever folks, buy soon before rates go up. the Fed is only doing this to help us out of the current recession, do your part too.
3. HUD, after a false start is working on a mechanism to allow the first time buyer tax credit to apply to the down payment requirements on the purchase of a new home. This will probably be in the form of some sort of loan by HUD.

Check back next Friday for more GOOD NEWS.

Jim Little, Your SUN CITY NEIGHBORHOOD REALTOR®, “I try a “Little” harder”