Housing still unaffordable
Mortgage / Home Buyer News
Home prices have dropped and mortgage rates are still low, yet housing costs continue to become more and more burdensome for many working households, according to "Housing Landscape 2011," a study from the Center for Housing Policy in Washington, D.C.
The report defines "working households" as those in which household members work at least 20 hours Source: Bankrate.com » Mortgages
It doesn't really matter how low they can go, the point is that our folks don't have the kind of jobs and earning income that will allow them to afford them in the first place. It's a very tough situation out there.
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