Statistics Archives – Global Mortgage Lender

06

Mar

Statistics Home Affordability, Home Opportunity Index, NAHB

Home Affordability Reaches An All-Time High

Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout California and the country. According to the National Association of Home Builders, the quarterly Home Opportunity Index read 75.9 in 2011's fourth quarter. More than 3 in 4 homes sold between October-December 2011, in other words, were affordable to households earning the national median income of $64,200. Never in recorded history have U.S. homes been as affordable on a national level. Even on a regional and local level, affordability soared. Affordability was highest in the Midwest; 7…

The 10 Longest Commutes In The United States

According to the Census Bureau, more than 3.2 million U.S. workers spend over 3 hours commuting to and from work each day. Commutes exceeding 90 minutes in each direction are known as "extreme commutes" in Census Bureau parlance. As compared to typical commute times nationwide, they're aptly named. The national, average commute time is just 25.1 minutes. For home buyers in Morgan Hill or in any U.S. city, make sure to make commute times a consideration before placing an offer on a property. The length of your daily commute will make an impact on your life. Studies shows that shorter commutes…

America’s To 10 Safest Cities, Ranked

Looking for safe cities in which to live? A recent study may help you. Titled "America's Safest Cities", Forbes Magazine compiled data from more than 70 cities with populations of 250,000 or more, and ranked them by violent crime rate as reported by the Federal Bureau of Investigation. A "violent crime" is one that can be categorized as murder, robbery, and assault, among others. Then, for each metropolis, local traffic-fatality rates were added to the area's violent crime rate, and averaged into the data. Forbes presents the 10 safest large cities in America as : Plano, Texas Henderson, Nevada Honolulu, Hawaii…