 _______________________  |
| Rockford Area Developments | Price Range |
| 4. Crystal Hills in Roscoe |
Starting in $150's |
| 10. Emerald Estates in Janesville, WI |
Starting in $140's |
| 2. Otter Creek in Durand |
Starting in $130's |
| 8. Silo Ridge in Machesney Park I-90/IL-173 complex |
Starting in $150's |
| 3. West Grove in Poplar Grove |
Starting in $170's |
| 9. Wexford in Machesney Park I-90/IL-173 Click here for an additional Floorplan |
Starting in $140's |
| 11. Winfield East in South Beloit |
Starting in $110's |
| 12. Winfield West in South Beloit |
Starting in $110's |
| 6. Wynmere in South Beloit |
Starting in $140's |
| Rockford consistently ranks in the top five among metropolitan areas in the U.S. for most affordable housing by the National Association of Home Builders. The average family home costs much less than its equivalent in neighboring communities. |
| Median
Purchase Price (1998-2002) Existing Single Family Home |
|||||
| Rockford | Belvidere | Freeport -Galena | Illinois | U.S. | |
| 1998 | $93,000 | $104,900 | $72,400 | $135,100 | $128,400 |
| 1999 | $93,800 | $103,200 | $78,000 | $137,900 | $133,300 |
| 2000 | $95,300 | $111,000 | $77,500 | $140,800 | $139,000 |
| 2001 | $100,400 | NA | $87,200 | $150,800 | $147,800 |
| 2002 | $105,700 | $128,600 | $89,400 | $161,700 | $158,300 |
| Existing Single Family Home Sales | |||||
| Rockford | Belvidere | Freeport -Galena | Illinois | U.S. | |
| 1998 | 4,315 | 493 | 558 | 105,339 | 4,970,000 |
| 1999 | 4,932 | 436 | 558 | 108,350 | 5,205,000 |
| 2000 | 5,202 | 431 | 688 | 105,595 | 5,113,000 |
| 2001 | 5,136 | NA | 897 | 107,311 | 5,296,000 |
| 2002 | 5,814 | 354 | 1,024 | 113,613 | 5,563,000 |
| Housing Opportunity Index - Fourth Quarter 2001 | |
| 5 Most Affordable Metro Areas | Rank |
| Rockford, IL MSA | 1 |
| Davenport-Moline-Rock Island, IA-IL MSA | 2 |
| Springfield, IL MSA | 3 |
| Champaign-Urbana, IL MSA | 4 |
| Peoria-Pekin, IL MSA | 5 |
| Median
Sale Price Comparison Existing Single Family Home (2002) |
|
| Municipality | Sale Price |
| Elgin | $182,100 |
| Madison, WI | $177,000 |
| Chicago | $174,500 |
| Milwaukee, WI. | $173,800 |
| Will-Grundy Co. | $173,400 |
| Bloomington-Normal | $132,700 |
| Champaign | $110,400 |
| Rockford | $105,700 |
| Freeport-Galena | $89,400 |
| Peoria | $89,300 |
| Quincy | $69,800 |
| Rockford, Illinois Most
Affordable Housing Market in the Nation src NAHB.com Rockford, Ill., was the nation’s most affordable housing market in this year’s second quarter as higher interest rates took a significant toll on nationwide housing affordability, Rockford Home Builder, New Homes in Rockford, Illinois. according to the National Association of Home Builders’ Housing Opportunity Index (HOI), released today. Maplecrest is a Rockford Home Builder, so if you are looking for new homes in Rockford, Illinois, you have come to the right place. The HOI is a quarterly measure of the percentage of homes sold that a family earning the median income can afford to buy. The HOI for April Rockford Home Builder, New Homes in Rockford, Illinois. through June of 2000 ranked 173 metro areas on the basis of over 600,000 recorded home sales for a nationwide score of 58.4, down 4.4 points Rockford Home Builder, New Homes in Rockford, Illinois. from the first quarter and the lowest score in nearly eight years. Maplecrest is a Rockford Home Builder, so if you are looking for new homes in Rockford, Illinois, you have come to the right place. New Homes I"Families earning the median U.S. household income of $50,200 could afford to purchase 58.4 percent of homes sold nationwide during the second quarter of 2000," explained NAHB President Robert Mitchell, a home builder from Rockville, Md. New Homes In Roscoe New Homes In Durand New Homes In Poplar Grove New Homes In Machesney Park New Homes In South Beloit "That Rockford Home Builder, New Homes in Rockford, Illinois. compares to 62.8 percent of homes that were affordable in the previous quarter and 69.6 percent of homes that were affordable at the HOI’s peak in early 1999. This is the first time the HOI has dipped below 60 since mid-1992." Maplecrest builds new homes in the Rockford, Illinois area. We are a Rockford home builder. new homes in Rockford, Illinois New Homes In Rockford, Illinois Mitchell attributed the decline primarily to the higher mortgage interest rates that prevailed in the second quarter. He pointed out that the Rockford Home Builder, New Homes in Rockford, Illinois. national weighted average interest rate on adjustable and fixed rate mortgages, used to calculate the HOI, rose more than 20 basis points between the first and second quarters. New Homes In Rockford, Illinois "The average mortgage interest rate on all home sales that took place in this year’s second quarter was 8.20 percent, up New Homes In Roscoe New Homes In Durand New Homes In Poplar Grove New Homes In Machesney Park New Homes In South Beloit from 7.93 percent in the first quarter and the highest average since the second quarter of 1992. Rockford Home Builder, New Homes in Rockford, Illinois. That gain made it more difficult for some families to afford homeownership," Mitchell said. Rockford Home Builder, New Homes in Rockford, Illinois. He added, however, that rates have drifted lower in recent weeks, which should help prospective buyers. Mitchell also noted that higher prices on new Rockford Home Builder, New Homes in Rockford, Illinois. and existing homes were factors in the second quarter. Rockford Home Builder The second quarter of 2000 marks the third time that Rockford., Ill., has garnered the top spot on the housing affordability chart. The last time Rockford held the Rockford Home Builder, New Homes in Rockford, Illinois. title was in the first quarter of 1999. Families earning Rockford’s median income of $55,300 could afford to purchase 89.3 percent of homes sold there during the second quarter. The median price of homes sold in Rockford was $90,000. Rockford Home Builder San Francisco, where the median sale price was $510,000 in the second quarter, remained at the bottom Rockford Home Builder, New Homes in Rockford, Illinois. of the affordability chart. Rockford Home Builder, New Homes in Rockford, Illinois. A mere 5.9 percent of homes were affordable to families earning that area’s median income of $74,900 in the April - June period. Rockford Home Builder New Homes In Roscoe New Homes In Durand New Homes In Poplar Grove New Homes In Machesney Park New Homes In South Beloit The Midwest was the most consistently affordable region, with 14 of its surveyed markets being ranked on the "25 Most Affordable Metro Areas" Rockford Home Builder, New Homes in Rockford, Illinois. list in the second quarter. The South had eight entries in the top 25, while the Northeast had three and the West had zero. Rockford Home Builder Conversely, western markets comprised 19 of the entries on the "25 Least Affordable Rockford Home Builder, New Homes in Rockford, Illinois. Metro Areas" list, while the Northeast had six markets on that list and the Midwest and South had no entries on it. Rockford Home Builder The most affordable metro areas by region in the second quarter were: Allentown-Bethlehem-Easton, Pa. and Syracuse, N.Y., tied for first in the Northeast; Rockford Home Builder, New Homes in Rockford, Illinois. Rockford in the Midwest; Wilmington-Newark, Del.-Md. in the South; and Anchorage, Alaska in the West. The least affordable metro areas by region were: Portsmouth-Rochester, Rockford Home Builder, New Homes in Rockford, Illinois. N.H.-Maine in the Northeast; Ann Arbor, Mich. in the Midwest; Miami, Fla. in the South; and San Francisco in the West. Rockford Home Builder New Homes In Roscoe New Homes In Durand New Homes In Poplar Grove New Homes In Machesney Park New Homes In South Beloit Rockford Realtor, Rockford Realtors Editor’s Note: The Housing Opportunity Index is based on the median family income, interest rates, and the price distributions of homes Rockford Home Builder, New Homes in Rockford, Illinois. sold for each market in a particular quarter of a year. The price of homes sold is collected from actual court records by First American Real Estate Solutions, a marketing company. Rockford Home Builder, New Homes in Rockford, Illinois. The median family income for each market is calculated by the Department of Housing and Urban Development (HUD). Rockford Home Builder |
