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

Some in the media are coining the phrase “Great Recession” to describe what we have all been struggling through over the past couple of years.

There is good that comes with the bad however and one piece of good news is the increasing affordability of housing.

According to a report from the (NAHB) National Association of Home Builders and Wells Fargo, the typical U.S. family that earned the nation’s median income of slightly more than $60,000 per year could afford to buy over 70 percent of all homes sold in the United States during the third quarter of 2009. The report relied on typical loan guidelines of spending no more than 28 percent on housing. In comparison, during the same quarter of 2008, only a little more than 55 percent qualified.

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