NAR: Cheap mortgage rates are improving home affordability

NAR: Cheap mortgage rates are improving home affordability
The cheapest financing in almost three years is making it easier for Americans to buy homes. The Housing Affordability Index from the National Association of Realtors increased to 151.9 in June from 137.7 a year earlier in June. That’s a jump of 10%. A higher reading means homes are getting more affordable, per NAR’s magic sauce that measures prices, incomes and financing costs.
Source: https://www.housingwire.com/rss