Note: Text in this post has been deleted after the discovery of two errors, and the title of this post changed. The corrected post can be found HERE. The corrected table remains at the same link as the prior table, HERE.
Originally created and posted on the Oregon Housing Blog.
Great analysis! Extremely low interest rates and sales price adjustments have made home ownership more affordable now. Ironically though the more stringent underwriting standards and the poor economic outlook and high unemployment have many potential first-time home buyers unable or unwilling to take advantage of this new found affordability.
ReplyDelete