By Ken Fears, Manager, Regional Economics, NAR 
- During the housing boom, home price growth steadily outpaced income growth, causing the ratio of home price-to-income to spike.
- Between the second quarter of 2005 and the second quarter of 2009, the median national home price fell 20.9%.
- Today, this ratio is lower than it has been in more than a decade.
- This ratio does not take into account the impact of improved mortgage rates, which were 5.74% in the second quarter of 2005, but now stand at 5.03%…an additional boost to affordability in today’s market.
- Conditions are great for home buyers with a steady job and good financing.
Copyright National Association of REALTORS®, Reprinted with permission.
About hankbailey
Member of the Athens Area Association of REALTORS®, Georgia Association of REALTORS®, and the National Association of REALTORS®. I grew up in Athens and graduated from UGA with a BBA from the Terry College. I serve as a Residential Real Estate Listing and Buyer Services through Prudential Georgia, one of the largest real estate companies in the State of Georgia. Working with first time home buyers, step-up buyers, and Relocations in Jackson, Barrow, Oconee, and Athens-Clarke Counties.
http://www.AdvancedPropertyMarketing.com (this is our listing methodology)
http://www.GetJobLossProtection.com (this is an overview of our job loss program)
• Adept at understanding mortgage financing issues, products, and terminology.
• Technical expertise in internet marketing.
• Excellence in establishing trust with clients.
Represents Prudential Georgia Property Management in the acquisition and marketing of properties for lease in the Greater Athens area.
Personal website; www.athensgahomesforsale.com
Member of GA MLS
Member of FMLS
Member Georgia Association of REALTORS®
Member of Athens Association of REALTORS®
Member of the National Association of REALTORS®
Member of the UGA Alumni Association
