From one year ago, affordability is down as lower mortgage rates and higher incomes have not completely offset home price gains.
Calculation assumes 20% down payment at current mortgage rates assuming a qualifying income ratio of 25% for PI; no assessment of buyer credit worthiness or total DTI or cash on hand.
The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.
Monthly Housing Affordability Index for printing (PDF: 61 Kb)
Monthly Housing Affordability Index for database work (Excel: 31 Kb)
The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers.
First-time Homebuyer Affordability for printing (PDF: 14K)
First-time Homebuyer Affordability for database work (Excel: 29K)
The metropolitan index shows the existing single-family home affordability index over the past three years, by metropolitan area.
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