Skip to content

In observance of Juneteenth, all of our locations will be closed on Thursday, June 19.

Attend a free seminar to learn the tools of a proper estate plan so you can choose the right path for you and your loved ones.

Need to upgrade your car or want to buy an RV? Our loans can help meet your needs. Loans subject to credit approval. 

Get Started 863-222-7005

Contents

Today’s Chart of the Day is the history of the Housing Affordability Composite Index provided by the National Association of Realtors going all the way back to 1986, with the average line in dotted red.

The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home based on the most recent price and income data. Earlier this year, due to increased real estate prices, flat incomes, and significantly higher mortgage rates from inflation, the index slipped not even below average, but to the lowest since just before the Great Recession.

A pessimist would say, “Don’t buy,” as this may result in falling values, and an optimist would say, “The worst is over!” as two of the other variables may improve, such as incomes increase, or mortgage rates fall as inflation subsides. As with all things, it will most likely be a combination of all three.