With mortgage interest rates scraping the bottom and home prices rising very slowly, housing is near record high affordability, according to the latest survey from the National Association of Home Builders and Wells Fargo. Their Housing Affordability Index inched up in the three months ended June 30, with 72.3 % of all homes sold nationwide being considered affordable for families earning the median income of $64,400.
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Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.
2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.