affordability index

Definition
A measure of the financial ability of U.S. families to buy a house. 100 means that families earning the national median income have just the amount of money needed to qualify for a mortgage on a median-priced home; higher than 100 means they have more than enough and lower than 100 means they have less than enough.




affordability index is ...
... part of the
Lending & Credit and Real Estate subjects.


Related Terms

index -  More
indicator -  More
housing starts -  More
Consumer Price Index, Producer Price Index
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