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| Michael Mahon |
IRVINE, CA —
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive
housing data, today released a joint analysis with Down Payment Resource which
examined affordability, median income, median home price and homeownership
program availability in 370 U.S. counties with a population of at least 100,000
and where sufficient data was available and then ranked each county based on
its affordability and accessibility for low down payment buyers such as
first-time homebuyers and boomerang buyers.
Of the
counties analyzed the top five highest for affordability and accessibility for
low down payment buyers included Ashtabula, Ohio, Imperial, California in the
El Centro metro area, Hernando, Florida in the Tampa metro area, Clayton,
Georgia in the Atlanta metro area and Lackawanna, Pennsylvania in the Scranton
metro area.
Other
markets within the top 25 for affordability and accessibility score for low
down payment borrowers included counties in Northern New Jersey, Pittsburgh and
Allentown, Pennsylvania, Dayton, Ohio and Pensacola, Florida.
“The Ohio
markets continue to provide affordable housing benefits for many boomerang and
first time buyers. The region’s stability in price, and growth in jobs across
the state, provides greater access for buyers to take advantage of lower down
payment opportunities, as well as an increasing available inventory in new and
existing communities,” said Michael
Mahon, president at HER Realtors, covering the Cincinnati, Dayton and
Columbus markets in Ohio.
“Unlike many
market across the country, Ohio has remained at an affordable median housing
price that enables many first time buyers and boomerang buyers to realize their
dreams of homeownership.”
For a complete copy of the company’s
news release, please contact:
Ginny Walker
949.502.8300,
ext. 268
Jennifer von
Pohlmann
949.502.8300,
ext. 139
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