Winnebago and nearby counties are in a great situation when it comes to home prices. 23 News mortgage expert Terry Bloom says, that’s because of the affordability index. Its an estimate of housing affordability, based on the average income of a family and the average prices for a home. In our area we’re rated at 169, which is great because the higher the number the more affordable the housing is, and bloom says that means more homes for less money.
And the over-supply of homes for sale in our area right now is also driving down prices