Industry Update: Housing Affordability

401(K) 2013 / Foter.com / CC BY-SA Higher home prices and interest rates continued to dampen housing affordability across the nation in the third quarter, but according to a report released last week by the National Association of Home Builders, Phoenix is faring better than many places. The greater Phoenix housing affordability index dropped to …

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Housing Remains Affordable

Despite rising housing prices, homeownership remains within reach for nearly three quarters of the U.S. population, according to information released last week by the National Association of Home Builders. The first National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) report of the year indicates 73.7 percent of new and existing homes sold between …

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