Housing Affordability Index

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A Housing Affordability Index is an index which rates housing affordability.

United States[edit]

One is published monthly by the National Association of Realtors. A 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 and a qualifying ratio of 25 percent. For example, a composite HAI of 120.0 means a family earning the median family income has 120% of the income necessary to qualify for a conventional loan covering 80 percent of a median-priced existing single-family home. [1] 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.


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