Home affordability reached an all-time high in 2010′s last quarter. Unfortunately for home buyers, it’s been a different story since, however.

Prior to 2009, the Home Opportunity Index rarely topped 65. The index has remained above 70 ever since.

As a home buyer and/or homeowner, should you put your faith in Case-Shiller’s results, or the Home Price Index. Perhaps, the answer is neither.

With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.

With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets.

CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets. Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of 2010′s home appreciation list and Hanford, California at its bottom.