As America’s homeowners and homebuilders celebrate National Homeownership Month in June, lower interest rates and home prices are boosting housing affordability across the country.
According to the latest NAHB/Wells Fargo Housing Opportunity Index, 66.5 percent of new and existing homes sold between January and the end of March were affordable to families earning the U.S. median income of $65,800.
This follows a similar improvement in affordability at the end of 2014, making now a great time for consumers to buy a home.
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