Housing Virginia and the Virginia Board of Realtors are coming out with a tool to help consumers figure out how much they can afford when it comes to owning (or renting) a home. This index will be available in January on a quarterly basis, so be on the lookout. I'm hoping people can use this valuable tool to measure how much they can afford ahead of time, so we don't see the same kind of mortgage/credit/debt/foreclosure crisis we saw before. Only buy what you can afford, people!
Check out the story from the RTD:
http://www2.timesdispatch.com/rtd/business/local/article/B-INDE21_20091120-221604/307045/
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