U.S. housing affordability amazingly good

In many markets â€” including Washington DC, California’s Inland Empire, Las Vegas and Phoenix â€” paying for a mortgage is less expensive than renting.

An increase in U.S. mortgage interest rates, of course, would quickly make U.S. home ownership less amazingly affordable.

If you can get a mortgage loan and you want to move, this could be your time. (Click on graph below.)

From Credit Suisse via HousingWire.

July 18, 2010 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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