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.
5 most (and least) affordable housing markets
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products