Reno ranks in the top one-third of the most affordable places to purchase a home in the country, according to the National Association of Home Builders(NAHB) / Wells Fargo Housing Opportunity Index which was released today. More than 83% of homes sold in the third quarter of 2010 were affordable to home earning the median income. Reno ranks as the 10th most affordable housing market in the West.
By comparison, in the same quarter last year, only 68% of median-income families could afford to purchase a home. That number was only 18% in the third quarter of 2006 and even smaller in the peak of 2005.
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