Thursday, May 26, 2011

Home affordability at 20-year high; perfect time to Move up or Invest

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.


Did you hear that? œNEVER REACHED 70 PERCENT This is an amazing time to buy a home either for yourself or to begin investing in real estate.


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.


BuyJaxForeclosures.com has tools to search foreclosures and short sales in Jacksonville, Clay County, St. Johns County, and across Northeast Florida. There are a number of investor resources to help you determine how to get started. Or, fill out the Investment Finder and let us do the work for you.

Home affordability at 20-year high; perfect time to Move up or Invest

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.


Did you hear that? œNEVER REACHED 70 PERCENT This is an amazing time to buy a home either for yourself or to begin investing in real estate.


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.


BuyJaxForeclosures.com has tools to search foreclosures and short sales in Jacksonville, Clay County, St. Johns County, and across Northeast Florida. There are a number of investor resources to help you determine how to get started. Or, fill out the Investment Finder and let us do the work for you.