The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (1256)	12/29/2001 1:08:08 AM
From: MSI	Read Replies (1) of 306849

Hi Grace, thanks, that's enlightening. The composite affordability index is better than anytime in the past 3 years. That doesn't take into account the effect of an increase in debt above the norm. Presumably the 5% increase in affordability means a 5% composite increase in debt could be afforded to maintain an even keel, releasing a few hundred billion $ into the general economy. The difference is striking for the West (109.8) vs Midwest (184). The difference from the year-ago period is even more striking, from 10 to 24 points improvement since last year in all areas.

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