Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How Affordable Are Homes In The US?
A lot of news and articles talk about the issue of housing affordability in the whole of the United States. Let's take a closer look to find out if the same incline happens all across the board.

According to NAR:
"A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that a family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment."
* The national index results for August came in at 141.2.
* This is up from 138.9 in July, but down 8.3% from last August's value of 153.9.
One big factor in determining affordability each month is the interest rate available at the time of calculation. In August 2017, the 30-year fixed rate mortgage interest rate was 4.19%. This August, the rate rose to 4.78%!
With an index reading of 141.2, housing remains affordable in the U.S. Regionally, affordability is up in three out of four regions.
The Northeast had the biggest gain at 6.2%. The South had an increase of 2.4% followed by ... more

__________________________________________________
Are you on The Rain? Grow Your Network!