Housing Affordability Index
Encyclopedia
A Housing Affordability Index is an index which rates housing affordability
.
. Below 100 indicates the median income family would need more than 50 percent of their income to "afford" an entry level home based on housing price and mortgage rates. National as well as regional data is published.
Another is the NAHB/Wells Fargo Housing Opportunity Index (HOI) published by the National Association of Home Builders
and Wells Fargo
.
Affordable housing
Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the...
.
US
One is published monthly by the National Association of RealtorsNational Association of Realtors
The National Association of Realtors , whose members are known as Realtors, is North America's largest trade association. representing over 1.2 million members , including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries...
. Below 100 indicates the median income family would need more than 50 percent of their income to "afford" an entry level home based on housing price and mortgage rates. National as well as regional data is published.
Another is the NAHB/Wells Fargo Housing Opportunity Index (HOI) published by the National Association of Home Builders
National Association of Home Builders
The National Association of Home Builders is one of the largest trade associations in the United States. Headquartered in Washington, DC, NAHB's mission is "to enhance the climate for housing and the building industry...
and Wells Fargo
Wells Fargo
Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
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