Hope4Hardship Founder Michael Russell recently appeared on The Real in Real Estate podcast with Jean Mitchel in an episode entitled Let’s Get Real about Foreclosures. Here’s a short clip from his appearance:
“Home affordability has never been lower than it is today. The affordability index is something ridiculous like 48 percent. That means that only 48% of American households can afford the average home today, and that’s that’s a sad state of affairs. And so, so many of the people that we end up working with are sitting in what most fail to recognize is perhaps one of the most valuable things in America today: a home. Especially those sitting in a fixed rate, low interest, long term mortgage.”
To hear the entire podcast, play the video below.