Woohoo....today were going to be talking (HOI)!

I know, I know... boring is what you're thinking, but just think how smart you'll look when you use HOI in a sentence correctly.   Ok, soooo even that may not impress you, but if you're in the market for a house, it is a term you may want to know. 

  

The HOI (Housing Opportunity Index) indicated that 72.6% of all new and existing homes sold in the second quarter of the year, were affordable to families earning the national median income of $64,200 (Information from Realty Times).  So, what does that mean to all you house hunters out there?  Well, what that means is that there has not been a better time in the last 20 years to buy a home.   Think about how reasonable home prices are, and how low interest rates are.  If you had one OR the other, it would be good--but to have both is unreal.  Yes, Skip, but I have heard that banks won't lend money.  Well, the money is tighter than it was, say in 2003-05, but if you have fair to good credit, it is a really good time to purchase.
 
Grace & Peace...

Skip Geiser

www.SkipGeiser.com

SkipGeiser@live.com

(850) 221-6442