The Heron Bay Golf and Country Club community is excited about a bit of optimistic news regarding the Housing Affordability Index in the third quarter of 2012. According to the National Association of Home Builders/ Wells Fargo Housing Opportunity Index, home prices are creeping upward, while mortgage rates still continue to fall. With this data in mind, it is safe to say we are on the upswing.
It appears we are crawling out of the long, dark tunnel with bright statistics showing encouraging numbers nationally and in the local Atlanta area. According to the Housing Affordability Index, the median price of all new and existing home sales nationally in the third quarter was $189,000; this figure is drastically up from the $176,000 median last year. Heron Bay, a master-planned golf community located just south of Atlanta, is certainly feeling positive movement within its community this quarter.
The HAI states that approximately 74 percent of all homes sold in the third quarter of this year were considered affordable to median income families with an average income of $65,000 per household. This is a slight increase from the second quarter which reflected 73.8 percent. A strong conclusion about the current housing market status can be drawn from the previous data: The number of homes affordable to average earners has risen even as home prices increase.
For more information about Heron Bay Golf and Country Club visit heronbayinfo.com or call the Sales Center at 770-957-5633.
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