May 09, 2011
How much are Homeowners spending on their home?
The National Association of REALTORS Housing Affordability Index shows that the typical monthly mortgage principal and interest payment for the purchase of a median-priced existing home is only 13% of the gross household income. This is the lowest since the data started being tracked in 1970. I believe that many home buyers have gotten away from spending the maximum on a house. I have noticed that many buyers I work with are getting pre-approved for much more than they actually spend on housing.
Are you interested in what your house is worth in this market? How about what you would be able to afford? For any real estate questions related to the local great Indianapolis area give me a call/text at 317-413-5311 or email me at .
Posted by: 
Jeremy Page
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