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Housing Affordability Holds Steady; Challenges Loom

By February 8, 2021Industry News
Record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today. Though affordability rates held firm, regulatory and supply-side challenges threaten to aggravate affordability problems in the year ahead.