housing affordability: Housing Affordability - 1st Quarter 2013 - 05/14/13 09:32 PM
Housing Affordability - 1st Quarter 2013
 
Nationwide housing affordability held near historic highs in this year’s first quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released yesterday.
 
In all, 73.7 percent of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $64,400. This is down slightly from the 74.9 percent of homes sold that were affordable to median-income earners in the final quarter of 2012.
 
“Thanks to very favorable mortgage rates and prices, housing affordability has remained … (1 comments)

 
David Brandschain (Long & Foster)

David Brandschain

Blue Bell, PA

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