NAHB: LOWER MORTGAGE RATES PUSH HOUSING AFFORD ABILITY TO HIGHEST LEVEL IN THREE YEARS

摘要

With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in Q3 2019, according to the National Association of Home Builders (NAHB)/ Wells Fargo Housing Opportunity Index (HOI). In all, 63.6% of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $75,500. This is up from the 60.9% of homes sold in Q2 2019 that were affordable to median-income earners and slightly higher than a Ql 2019 reading of 62.6.