According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), homes were more affordable during the first quarter of 2011 than at any other time during the past two decades. The HOI shows the percentage of homes sold across the country that families earning the national median income of $64,400 can afford. Of all the new and existing homes sold within the first three months of the year, 74.6 percent were affordable to these median-income families.
Affordable Home Prices
In line with the lending industry's standards, the National Association of Home Builders considers a home affordable when no more than 28 percent... Read More
