Greetings neighbors,

Wondering if buying a home in the U.S. is still affordable? According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), the answer to that question is yes. The index shows home affordability around the country is at its highest level for the 6th month in a row.

Out of the total number of all new and existing homes that were sold during the 2nd quarter of 2010, the HOI reported that 72.3% were affordable to U.S. families making at least $64,000 which is the national median income.

In addition, the 2nd quarter of 2010 proved to be slightly more affordable when compared to the previous quarter.

As for the most affordable area in the country during the 2nd quarter, Syracuse, NY came in at the top of the list for the most affordable with 97.2% of the area's homes affordable to U.S. families making $64,300.

Other major metro markets among the most affordable include: Detroit-Livonia-Dearborn, Mich.; Youngstown-Warren-Boardman, Ohio-Pa.; and Buffalo-Niagara Falls, N.Y.

On the flip side, the least affordable major markets noted on the HOI included: San Francisco-San Mateo-Redwood City; Santa Ana-Anaheim-Irvine, Calif.; Los Angeles-Long Beach-Glendale, Calif.; and Honolulu.