Housing affordability hits record high

Posted by Steve Kleber on Feb 22, 2011

Offering another reason to believe the housing industry – and economy as a whole – is strengthening, the NAHB/Wells Fargo Housing Opportunity Index reported that nationwide housing affordability has reached a record high.

Based on households earning the national median income of $64,400, 2010’s fourth quarter saw a record level of 73.9 percent affordability… the highest it’s been in the 20 years of the index’s existence.

This entry was posted by Steve Kleber on Tuesday, February 22nd, 2011 at 2:27 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.