Posts Tagged ‘ inventory shortages ’

Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Nov 6th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that housing affordability continued to decline in the third quarter of 2020, due to inventory shortages and rising home prices. Record-low mortgage rates were not enough to prevent the decline in affordable housing, resulting in 58.3 percent of new and existing homes […]