The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. Nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200.
Home Affordability Still Soaring; New Records Reached
The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.
Home Affordability Peaked Last Quarter; Purchasing Power Sinks 10%
Home affordability reached an all-time high in 2010’s last quarter. Unfortunately for home buyers, it’s been a different story since, however.
Mortgage Rates Return To April 2010 Levels
As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.