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Show Home affordability study ranks area as 23rd American family which is certainly an encouraging sign. We have seen the growing purchasing power of buyers in our city during the past few months. For those who want to become homeowners, there are certainly cer-tainly many opportunities in today's market. ' Those interested in the study can obtain a copy from the Prudential Canyon Oaks Realty, 846 S. Main, or by calling 298-3421. the top 150 markets, homeowners should not have to set aside more than 28 percent of income in order to make the monthly payment on an average-priced home. Tueller said the figures illustrate 'the purchasing power of the B OUNTIFUL-The Prudential Home Affordability Index, which is compiled quarterly by Wharton Econometrics Forecasting Associates Associ-ates (WEFA) was recently released, and shows that the Salt Lake City area is the 23rd "most affordable market in the country. The index ranks "affordability" of homebuy-ingownership homebuy-ingownership in the top 150 U.S. markets. The latest index, which covers the last quarter of 1989, is a measurement of what percentage of a family's gross monthly income it takes to make a mortgage payment on an average-priced home in the area, following a down payment of 20 percent. Rick Tueller, brokerowner of The Prudential Canyon Oaks Realty, Real-ty, which released the study in the Salt Lake City area, said traditionally tradi-tionally to qualify for most mortgages, mor-tgages, mortgage payments cannot exceed 28 percent of a household's income after putting 20 percent down. Thus, the most affordable markets are those which take less than 28 percent-the lower the better. Peoria, HI. led the way, requiring only 8.8 percent of household income in-come to make the mortgage payment. pay-ment. At the least affordable end of the spectrum was San Francisco, Calif., which takes 54.1 percent. The Index showed that in 97 of |