Tag Archives: Housing Affordability

Having been historically high for the past few years, affordability dipped somewhat in the second quarter of this year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity index. Increasing prices and mortgage rates ""contributed to affordability slipping to the lowest level in four years,"" said David Crowe, chief economist at NAHB. Affordability fell from 73.7 percent in this year's first quarter to 69.3 percent--meaning 69.3 percent of Americans earning the national median income could afford a home sold during the quarter.

Minneapolis-based Wolters Kluwer Financial Services recently announced that two members of its compliance management services team have earned the prestigious Certified Regulatory Compliance Manager (CRCM) designation from the American Bankers Association’s (ABA’s) Institute of Certified Bankers (ICB).