affordability index


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.

Use affordability index in a sentence

We spent the day studying the available data on the affordability index before making some pricing suggestions regarding the property value.


Since the housing market crash in the early 2000's the affordability index for home has declined and it is now more difficult for those meeting the median income to purchase a home.


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indicator Consumer Price Index