By Hal M. Bundrick | Nerd Wallet
Home affordability, as measured by the National Association of Realtors Housing Affordability Index, has taken an incremental turn for the better. That means it may be just a little bit easier to buy a home.
The latest report, reflecting August data, shows the median price of a single-family home edged lower, while median family income notched a fraction higher. Combined with continued low mortgage rates, the index rose to its highest level since May — and in this case, the higher the number, the better.
