According to the National Association of Home Builders, 70.8 percent of all new and existing homes sold in the final quarter of 2009 were affordable.  Families earning a median income of $64,000 can afford to buy homes last year.

The affordability of houses is attributed to the sliding housing prices and low mortgage rates.  The most affordable cities include Detroit/Livonia/Dearborn/Monroe/Flint/Bay City, Mich., Dayton, Ohio, Youngstown/Warren/Boardman, Ohio/Pa., and Akron/Lima, Ohio.  The least affordable housing markets include San Francisco, Honolulu, Santa Ana, Anaheim/Irvine, Calif., L.A./Long Beach/Redwood City, Calif., New York/White Plains, Wayne, San Luis Obispo/Paso Robles/Santa Cruz/Watsonville/Napa/Santa Barbara/Santa Maria/Goleta, Calif.,

Depending on where you…

If you want to invest in a property, think of buying a house in Ontario.  Ontario is located between Windsor and Toronto.  Ontario is a great place to visit and is a great place to live in because of the excellent amenities and lifestyle it offers.  The Ontario real estate market has a lot of potential and your investments can fetch a good rate of return in the long run.

If you’ve decided to purchase a property in Ontario, contact a qualified real estate agent.  Getting a real estate agent can help you pick the best properties in Ontario that can…

A short sale is a better option than bankruptcy or foreclosure but it can definitely cost you money and damage your credit history.  Provided that you meet the lender’s requirements and you have a qualified buyer, then you can choose to go with a short sale.  You need to search for a buyer who has interest in dealing with extended deadlines and additional demands by the lender to purchase your home.

The buyer needs to be confident with your house so get a credible and reliable lender to help you with a successful short sale transaction.  If done right, the short…