Housing Affordability Surges to Highest Level in 18 Years
May 20th, 2009 | Author: Benjamin Harris
RISMEDIA, May 20, 2009-Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 72.5% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the national median income of $64,000, up from 62.4% during the previous quarter and up from 53.8% during the first quarter of 2008.Read the entire article at:
http://rismedia.com/2009-05-19/housing-affordability-surges-to-highest-level-in-18-years/
Posted in Buyer Reports
