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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Industry Update: Hang On, It’s a Bumpy Ride

The housing market recovery continues to lurch forward with more twists and turns than a roller coaster ride at the state fair. As the National Association of Home Builders reported in September, underlying market fundaments are mixed, though generally moving in the right direction. Housing starts underperformed compared to the overall NAHB/Wells Fargo Housing Market …

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