Price Check: Housing Affordability Still Positive

Homeownership continues to remain affordable, even as lofty prices weigh on the market, according to the National Association of Home Builders (NAHB)/Wells Fargo recent Housing Opportunity Index (HOI) report. Affordability, which the Index read as lower in the third quarter, is positive overall—in fact, more than 60 percent of new- and existing-homes sold in the third quarter were affordable to families earning the national median income ($65,700).
“Historically-low interest rates an