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Housing Affordability is Up!

June 2, 2011

According to Inman News, a news source for the real estate industry:

Housing affordability hit a new record high in the first quarter, surpassing the previous high set in fourth-quarter 2010, according to an index released by the National Association of Home Builders and Wells Fargo today.  Read more here: http://lowes.inman.com/newsletter/2011/05/27/news/143808

While the recovery may be lagging in terms of housing prices, buyers are more confident about buying and sellers are more resigned to the lower sales prices, so they are selling.  Low interest rates continue to fuel the activity and the return to a more normalized market.

Patty Cunningham, Realtor®
Coldwell Banker Preferred 
Exton, PA 19341
O.        610.363.6006
C.        610.659.4669
Lic #RS294054

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