Data Legal

It’s hard to resist a good bargain. And U.S. homes are currently the biggest and best bargain on the block. Many prospective home buyers are taking advantage of a housing market made vulnerable by a down-and-out economy. The latest Housing Opportunity Index released by Wells Fargo and the National Association of Home Builders reported approximately 53.8 percent of all new and existing homes sold nationwide January through March 2008 were affordable for families earning the median household income of $61,500—a 44 percent increase from the first three months of 2007. In fact, these are the most affordable prices since June 2004. Granted, one must