Monday, May 24, 2010

Median Home Prices and Your Future: (news/review)

Please retweet this blogpost if you find it helpful in learning about the foreclosure experience, government mortgage homeownership and bank loan modifications

Today you may wonder about how this post fits into the scheme of things. From my point of view, at some place in time AFTER the process, one may want to rethink living arrangements. WE have no plans to move at this time, but if these homes are considered reasonably median priced - then think of the bargains you must be able to pick up around those towns.

At some point homes will be resold and there will be some legitimate deals to be made. Please read my post about possible problems with buying foreclosed homes.

Investing in Foreclosures? Avoid this swamp of potential problems

Your local median priced home is 200-300K, it might be great to move to another state and rearrange living expenses.

With all the bust in the housing market, with a 10% unemployment rate and INFLATION rearing its ugly head... well retiring to a less expensive locality could be smart planning for the future.

Below is intro to news article... enjoy!

Most and least affordable cities to buy a house 2010

Les Christie, staff writer,

May 21st, 2010

Here are the 5 metro areas where the average American family can easily afford to purchase a median-priced home - and the 5 where they can't.

Top 5 Most Affordable Cities

Fishers, In.

1. (tie): Indianapolis

Median home price: $96,000
Median income: $68,700
Affordability score: 94.9%

America's most affordable housing market is the 33rd largest metro area in the United States, with 1.7 million people.

The median family income is fairly high -- $68,700 -- and median home prices are a very reasonable $96,000, according to the National Association of Homebuilders and >>>KEEP READING

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