Affordability Index Hits Four Year High
Lower loan rates and lower median home prices combined to produce some of the highest affordability rates since May of 2004. The figures for September 2008 indicate that at 30%, nearly one third of households in the Fortuna market quality for a median price home.  The McKinleyville market hasn't seen it's index this high since March of 2005 when the median home price was $298,000.  The figures compiled and released by the Humboldt Association of Realtors show the current median sold home price at $291,000.

"We are at levels that are equal to the normal market before the boom of 2006 when only one in ten households could quality to buy in "Humboldt County" Reports Tom Hiller, HAR President.  "Now, finally, there are homes on the market at rock bottom prices. Good deals are out there for investors and opportunities abound for the first time buyers." Hiller said.  The HAR has been tracking affordability data for ten years using multiple listing service data.

Read about foreclosures.