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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1256)	12/29/2001 1:08:08 AM
From: MSI	Read Replies (1) \| Respond to 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.

To: GraceZ who wrote (1256)	12/29/2001 9:59:56 AM
From: electra	Read Replies (1) \| Respond to of 306849

Looking for a chart of housing prices in different towns or states...any ideas..looking for affordable places to live..thanks electra

To: GraceZ who wrote (1256)	12/29/2001 5:32:53 PM
From: ild	Read Replies (1) \| Respond to of 306849

Grace, What I see from this chart is that affordability has been improving along with falling mortgage rates. In other words mortgage rates were falling faster than RE prices were going up. Does this tell us anything about future RE prices?