Housing Affordability Reaches an All-Time High | Melbourne Beach, FL Real Estate | Carolyn Smith, Realtor

Posted on: February 24, 2012

Real Estate, Melbourne Beach Florida

Melbourne Beach real estate is more affordable now than ever before!

Carolyn Smith, Realtor – Now is the perfect time to invest in real estate in Melbourne Beach, Indialantic or Satellite Beach, FL, as recent data shows that housing affordability is at an all-time high!

According to the National Association of  Home Builders / Wells Fargo Housing Opportunity Index, nationwide housing affordability rose to its highest level ever during the fourth quarter of 2011. According to the data, 75.9 percent of all new and existing homes sold in the fourth quarter of 2011 were affordable to families earning the national median income of $64,200. In the three months prior to this period, the percent of homes sold that were considered affordable to most families was much lower, at 72.9 percent.

The 75.9 percent affordability reached during the fourth quarter of 2011 was the highest percentage recorded in the 20 year history of the index. This means that a home buyer’s purchasing power is greater than it has ever been before. “Today’s report indicates that homeownership is within reach of more households than it has been for more than two decades,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla.

Affordable home prices + historically low interest rates = the perfect time to buy! Homes in Brevard County, Florida are more affordable than ever! But hurry up, because inventory of homes and condos in Brevard County is declining. If you are ready to start looking at homes or condos in the Melbourne Beach, Indialantic, Indian Harbour Beach, Satellite Beach, West Melbourne, Melbourne, Suntree, or Viera area, give me a call or send me an email. It really is the perfect time to take advantage of great home prices and rock-bottom mortgage rates.

Source of info:

Start your dream home search right here: Carolyn Smith Realtor Website

Whether you are buying or selling, it would be my pleasure to represent you!

Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870


SRES – Accredited Seniors Real Estate Specialist

CDPE – Certified Distressed Property Expert

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Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044


Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000


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