Several factors are combining to make the real estate market in Whatcom County a “perfect storm” of opportunity for buyers, The Bellingham Herald reported this week.
In an article on housing affordability, the paper indicated that with housing prices dropping and interest rates remaining at the lowest levels in 50 years, now may present the best time for real estate buyers to step into the market. In fact, the article noted the Whatcom County Housing Affordability Index reached its highest level since 1994, when the index was created.
What Does That Mean?
In a nutshell, the index measures the ability of the typical family to make payments on a median price home in Whatcom County. The higher the number, the more likely a larger number of people would qualify to purchase a home. Definitely good news for those considering a purchase in Bellingham, Lynden, Ferndale and Blaine.
To read more about the affordability index and how the real estate market in Whatcom County is doing, click here to access the full article from The Bellingham Herald.
{ 0 comments }
