Thanks to continued declines in home prices, recovering household incomes and rock-bottom mortgage rates, it’s never been easier to afford a home, according to the latest NAHB/Wells Fargo Housing Opportunity Index.
According to the index, 75.9% of all new and existing homes sold during the three months ended Dec. 31 could have been comfortably purchased by families earning the national median income of $64,200. That was the highest percentage recorded in the 20-year history of the index, and a sharp increase from just three months earlier when 72.9% of all homes sold were considered affordable.
After years of bad news in the housing market, the affordability index is flashing buy signals and that the market has finally started to bottom out.
committed to building high quality homes that have earned respect from not only from their peers in the industry, but more importantly, the public as well. This commitment is evident in the creation of all of its communities and exemplified best in Latitude at Vista Ridge, its latest neighborhood of ranch patio homes. Chartered’s team includes local architectural firm, Woodley Architectural Group, local engineers and top subcontractors and suppliers in the construction industry including Whirlpool Corporation, Moen Faucets, Amana heating and cooling equipment, Sherwin Williams Paints, Tharp Custom Cabinets of Loveland, and many others. All of Chartered’s homes are Energy Star, third party Certified for their energy efficiency and savings as determined 
by the EPA. Chartered has also aligned itself with Wells Fargo Home Mortgage to handle the home purchase financing needs of its buyers.
