Despite continued inventory woes, housing affordability increases in Q1



Increases in mortgage rates are being offset by rising incomes, providing a small boost to housing affordability in the first quarter of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

Housing affordability improved in the second quarter



Housing affordability is being propped up by rising incomes and low mortgage rates, according to the latest edition of the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

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