Rising Home Prices Affect Housing Affordability in the Second Quarter

Solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in the second quarter of 2016, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 62 percent of new and existing homes sold between the beginning of April and end of June were affordable to... Read More ›...(read more)

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