by Donna Reilly
When it comes to buying a property, the “good old days” are here!
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) announced that nationwide housing affordability during the first quarter of 2011 rose to its highest level in the more than 20 years since it started being measured.
According to NAHB chairman Bob Nielsen, “With interest rates remaining at historically low levels, today’s report indicates that homeownership is within reach of more households than it has been for more than two decades.”
The HOI reported 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. This is a rise from the 73.9 percent set during the fourth quarter of 2010, and is the ninth consecutive quarter that the index was above 70 percent.
Need to sell before you can buy? Pick up the phone and call me at 609-462-3737- you’ll learn some valuable tips that can make the difference between a quick sale and a property that lingers on the market. First impressions often make — or break — a deal, so you’ll want to hear about strategies that other owners have used to sell homes similar to yours.
If you’re looking to buy, sell, or just to find out what the real estate market is like in your neighborhood, please call me today – there’s no obligation at all! . And remember, up to the minute West Windsor real estate information is always available at www.West-Windsor-Homes-NJ.com or www.Facebook.com/West.Windsor.Homes.NJ
Donna Reilly, Weichert, Princeton Office, 350 Nassau Street, Princeton. 609-921-1900. Cell: 609-462-3737. Home: 609-860-8498. www.DonnaReilly.com donnareilly@weichert.com
