Housing affordability in the second quarter dipped slightly from record levels, spurred by low interest rates and prices, according to the National Association of Home Builders/Wells Fargo housing opportunity index released yesterday.

Families earning the national median income of $64,000 could afford 72.3% of all new and existing homes sold in the second quarter, down only slightly from the record-high 72.5% during the previous quarter and up from 55.0% during the second quarter of 2008, the index suggested.

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