The decline in both home prices and available mortgage rates has resulted in a record level of affordability. In fact, the National Association of Home Builders/Wells Fargo Housing Opportunity Index has reached its highest percentage of affordability since the inception of the index twenty years ago. This translates into a three percent increase in just the last three months, with over 75% of all homes sold being considered affordable to families earning the national median income. Read the full article online at CNN Money.
