Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout Virginia and the country.
According to the National Association of Home Builders, the quarterly Home Opportunity Index read 75.9 in 2...
Home affordability slipped slightly last quarter, dragged down by rising mortgage rates and recovering home prices in Virginia and nationwide.
The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. This means that nearly 3 of 4 homes sold last quarter were...
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