Athens GA Properties, Athens Georgia Homes, and Athens Real Estate

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.