{"id":2236,"date":"2012-02-20T13:46:05","date_gmt":"2012-02-20T13:46:05","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2236"},"modified":"2012-02-20T13:46:05","modified_gmt":"2012-02-20T13:46:05","slug":"housing-affordability-reaches-new-records","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/housing-affordability-reaches-new-records\/","title":{"rendered":"Housing Affordability Reaches New Records"},"content":{"rendered":"<h2>Housing Affordability Reaches New Records.<\/h2>\n<div id=\"attachment_2237\" style=\"width: 320px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/02\/housing-dollar.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2237\" class=\"size-full wp-image-2237\" title=\"Housing Affordability Reaches New Records \" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/02\/housing-dollar.jpg\" alt=\"Housing Affordability Reaches New Records \" width=\"320\" height=\"240\" \/><\/a><p id=\"caption-attachment-2237\" class=\"wp-caption-text\">Housing Affordability Reaches New Records<\/p><\/div>\n<p>Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer\u2019s purchasing power is greater than it ever has been before, according to the National Association of Home Builders\/Wells Fargo Housing Opportunity Index.<\/p>\n<p>The index showed that 75.9 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $64,200, according to the index. That marks the highest percentage recorded in the index\u2019s 20-year history.<\/p>\n<p>&#8220;While today&#8217;s report indicates that home ownership is within reach of more households than it has been for more than two decades, overly restrictive lending conditions confronting home buyers and builders remain significant obstacles to many potential homes sales, even with interest rates at historically low levels,&#8221; says Barry Rutenberg, chairman of the National Association of Home Builders.<\/p>\n<h4><strong>Most Affordable Cities<\/strong><\/h4>\n<p>According to the index, the most affordable major housing market was Youngstown-Warren-Boardman, Ohio, in which 95 percent of all homes sold during the fourth quarter were affordable to households earning the median family income of $54,900, according to the index.<\/p>\n<p>Other top affordable housing markets include:\u00a0 Lakeland-Winter Haven, Fla.; Modesto, Calif.; Harrisburg-Carlisle, Pa.; and Toledo, Ohio.<\/p>\n<h4><strong>Least Affordable Cities<\/strong><\/h4>\n<p>However, some metro areas still remain too pricey for buyers. The least affordable major housing market during the fourth quarter was New York-White Plains-Wayne, N.Y.-N.J., in which 29 percent of all homes sold were affordable to those earning the area&#8217;s media income of $67,400.<\/p>\n<p>Other high-priced metro areas at the bottom of the affordability index include: Honolulu; San Francisco-San Mateo-Redwood City, Calif.; Santa Ana-Anaheim-Irvine, Calif.; and Los Angeles-Long Beach-Glendale, Calif.<\/p>\n<p><em>Source: National Association of Home Builders<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing Affordability Reaches New Records. Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer\u2019s purchasing power is greater than it ever has been before, according to the National Association of Home Builders\/Wells Fargo Housing Opportunity Index. The index showed that 75.9 percent of all new and &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/housing-affordability-reaches-new-records\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,9],"class_list":["post-2236","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Housing Affordability Reaches New Records  - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Housing Affordability Reaches New Records. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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