When a median income buyer can afford a median priced home, the index is 100; above that point is in favor of the buyer.
The available low mortgage rates contributes to the housing affordability in today’s market and makes it a good time to buy.
When a median income buyer can afford a median priced home, the index is 100; above that point is in favor of the buyer.
The available low mortgage rates contributes to the housing affordability in today’s market and makes it a good time to buy.