The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. Nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200. [...]
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The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter. [...] Home affordability reached an all-time high in 2010′s last quarter. Unfortunately for home buyers, it’s been a different story since, however. [...] Prior to 2009, the Home Opportunity Index rarely topped 65. The index has remained above 70 ever since. [...] With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights. [...] With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets. [...] |
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