Keller Williams Realty of Northern Colorado

Housing Affordability: The percentage of a median family’s income required to make mortgage payments on a median-priced home.

Years from now there will be people saying “hindsight is 20/20″ when asked whether or not they invested in today’s housing market. Housing affordability continued at record levels in April 2011. The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio continues to remain well below the historical standard. Stabilizing home prices and rising interest rates are expected to reverse the recent affordability trend.

Now is the time to buy. Contact one of our Fort Collins Real Estate Agents today to get started on your next purchase!

Affordability as of April every year. Calculations assume a 20% down payment.
Source: National Association of Realtors

Source: Keller Williams Realty, Inc. “This Month in Real Estate,” released June 2011.

Thanks for reading our Fort Collins Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Fort Collins Real Estate Agents,
specializing in Fort Collins Real Estate and Northern Colorado Real Estate
Pictures of Fort Collins

970.377.3700