2011 – Good Year for First-Time Buyers in St. Charles

2011 – Good Year for First-Time Buyers in St. Charles

According to Freddie Mac, 2011 looks very good for first-time buyers. For the third quarter of 2010, the National Association of Realtors’ Affordability Index reported one of the most affordable buying markets since the index’s inception in 1971. The three main ingredients that affect buyer affordability are mortgage rates, house prices, and income. With the first two at or near cyclic lows, buyer affordability is at the highest level in decades. With affordability high, many first-time buyers will be attracted to the housing market in the new year, likely translating into more home sales in 2011 than in 2010.

Contact me, your St. Charles, IL realtor, today for assistance in finding your perfect first home, right here in St. Charles, Illinois.

© Copyright 2020 LynnPurcell.com
St. Charles, IL Website Design by Victoria Lantz
St. Charles photos courtesy of Michael Kappel
View our Privacy Policy   Site Map