NAHB: Affordability Turns Downward in Q2

Housing affordability took a turn downward in the second quarter of 2017, as home prices and mortgage rates moved opposite, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Approximately 59 percent of homes sold in the second quarter were affordable based on the national median income, $68,000, a share down from roughly 60 percent in the first quarter. The national median home price in the second quarter was $256,000, weighed again