Tag: Housing Opportunity Index

Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

Filed in Affordability, Economics by on November 7, 2019 0 Comments
Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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Housing Affordability Holds Steady on a Year-Over-Year Basis

Filed in Economics by on May 9, 2019 0 Comments
Housing Affordability Holds Steady on a Year-Over-Year Basis

Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019. However, affordability is roughly the same as it was a year ago.

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Rising Home Values Affect Affordability in 2nd Quarter

Filed in Economics, Housing Trends by on August 13, 2015 2 Comments

Firming home prices in many housing markets resulted in a modest drop in nationwide housing affordability in the second quarter of 2015, according to the latest NAHB/Wells Fargo Housing Opportunity Index.

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Housing Affordability Posts Solid Gain in First Quarter

Filed in Economics, Home Building, Housing Finance by on May 14, 2015 0 Comments
Housing Affordability Posts Solid Gain in First Quarter

Lower interest rates and home prices contributed to a solid boost in nationwide affordability in the first quarter of 2015, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today. “Consumers benefitted from continued low mortgage rates and some fall in the price of homes sold in the first quarter, as these conditions offer […]

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Housing Affordability Edges Up in 4th Quarter 2014

Filed in Economics, Home Building, Housing Finance by on February 19, 2015 0 Comments

Slightly lower interest rates and home prices contributed to a slight increase in nationwide housing affordability in the fourth quarter of 2014, according to the NAHB/Wells Fargo Housing Opportunity Index released today. In all, 62.8% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the median income of $63,900. This is up from the 61.8% of homes sold in the third quarter.

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Housing Affordability Slightly Lower in 3rd Quarter

Filed in Construction Industry, Economics, Housing Trends by on November 13, 2014 0 Comments
Housing Affordability Slightly Lower in 3rd Quarter

Firming home prices in markets across the country contributed to a slight dip in nationwide housing affordability in the third quarter of 2014, according to the NAHB/Wells Fargo Housing Opportunity Index, released today. In all, 61.8% of new and existing homes sold between the beginning of July and the end of September were affordable to families earning the U.S. median income of $63,900, down from the 62.6% in the second quarter.

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Housing Affordability Dips in Second Quarter

Filed in Economics, Homeownership, Housing Trends by on August 14, 2014 0 Comments
Housing Affordability Dips in Second Quarter

Homes were less affordable in the second quarter of 2014, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI), released today.

In all, 62.6% of new and existing homes sold between the beginning of April and the end of June were affordable to families earning the U.S. median income of $63,900. This is down from the 65.5% of homes in the first quarter.

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