Source:
National Association of Realtors
Release:
Monthly Housing Affordability Index
Units:
Index, Not Seasonally Adjusted
Frequency:
Monthly
Notes:
Copyright, 2016, National Association of Realtors. Reprinted with permission. Per the agreement with the source, data in FRED are available for the prior 13 months.
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.
Suggested Citation:
National Association of Realtors,
Housing Affordability Index (Fixed) [FIXHAI],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/FIXHAI,
February 24, 2021.