National Association of Home Builders and Wells Fargo announced on May 25, 2011 that nationwide housing affordability during the first quarter of 2011 rose to its highest level in more than 20 years, according to the Housing Opportunity Index (HOI) data released.
The Housing Opportunity Index (HOI) data indicated that 74.6 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400. NAHB went on to say that until 2009, the HOI rarely topped 65 percent and never reached 70 percent.
The Galli Team has featured listings in some of Orange Park and Fleming Island™s best neighborhood that will pleasantly surprise you at how affordable they are. This may be the perfect opportunity to move up to a luxury home on the water or to enjoy resort-style living in North Florida™s most sought-after communities.
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