Housing is at its most affordable level right now!  Consider the record-low mortgage rates;  the average 30 year fix rate was 4.3 percent in early October, the monthly mortgage payment for a median-priced home, with FHA financing calculates to $1150.  In 2006 this same payment would have been $1658 with the higher interest rate.

This is also more favorable to buyers than the $8000 stimulus money offered a year ago.  The rebate was a flat $8000.  The savings now with the lesser interest rate over 30 years nearly comes to $20,000.

Now is a great time to buy, if you stay within your budget. Buyers are still plagued with lender guidelines.  The major factors for buyers are credit availability, market confidence and the overall confidence of the economy.

However, for those who are willing and able to purchase, affordability is now.