FRED Economic Data | St. Louis Fed

Housing Affordability Index (Fixed)© (FIXHAI)

Source(s): National Association of Realtors
Release: Monthly Housing Affordability Index  

Description of growth rate formulas  
Not Seasonally Adjusted 
Notes: Copyright, 2014, National Association of Realtors. Reprinted with permission.

Measures the degree to which a typical family can afford the monthly mortgage payments on a typical home.

Value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment. This index is calculated for fixed mortgages. 
Updated: 2015-03-13 3:01 PM CDT 

Note: CSV files do not contain header information.

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