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Housing Affordability Index (Fixed)© (FIXHAI)

Observation:

Jun 2016: 152.9  
Updated: Aug 12, 2016

Units:

Index,
Not Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
  EDIT LINE 1
(a) Housing Affordability Index (Fixed)©, Index, Not Seasonally Adjusted (FIXHAI)
Copyright, 2016, 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.

Housing Affordability Index (Fixed)©

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NOTES

Source: National Association of Realtors  

Release: Monthly Housing Affordability Index  

Notes:

Copyright, 2016, 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.

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, August 28, 2016.

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