affordability index

Affordability index

An index that measures the financial ability of consumers to purchase a home.

Affordability Index

An index published monthly by the National Association of Realtors showing how easy or difficult it is for a family to buy a house. A rating of 100 indicates that a family making the national (or regional) median income can buy a house at the median price. A rating below 100 means that houses are less affordable, while one above 100 shows that they are more affordable. The National Association of Realtors publishes both national and regional affordability indices.

affordability index

See housing affordability index.
References in periodicals archive ?
Using an affordability index adjusting prices for inflation and income growth, the IAS report suggests that increases in affordability since 2012 could be attributed to alcohol tax cuts.
In the notice, the FIO explained that "personal auto liability insurance is presumed to be affordable if using an affordability index that is calculated by dividing the average annual written personal automobile liability premium in the voluntary market by the median household income for ZIP codes identified as being majority-minority or majority-LMI, the affordability index does not exceed 2%.
The exhibits cover water and wastewater system characteristics, charges, and other charges and data; and median household affordability index.
In a release for its Housing Affordability Index for the second quarter, the company said 18% of U.
RIGA -- Housing affordability in the capital cities of all three Baltic States improved in the fourth quarter of 2015, according to the latest Swedbank Baltic Housing Affordability Index (HAI).
The group used a variety of factors to evaluate small cities, including average lawyer salary, housing affordability index (average percentage of income spent on housing), amenities (including arts, entertainment and recreation), and employment attractiveness rank (a combination of law job density, availability and competition).
The group used a variety of factors to hold small cities for evaluation including average lawyer salary, housing affordability index (average percentage of income spent on housing), amenities (including arts, entertainment and recreation), and employment attractiveness rank (a combination of law job density, availability and competition).
Perhaps most importantly Indiana's housing affordability remains attractive, with an affordability index value of 248, as interest rates remain low.
The RBC Housing Affordability index, compiled since 1985, looks at the calculated costs of owning a detached bungalow at the present market value.
Countries such as Malaysia, Brazil or Morocco, which top our Affordability Index, show how rapid progress can be made when innovative technologies are twinned with an enabling, forward-looking policy and regulatory environment which stimulates supply as well as demand.
This latest report to the industry includes the survey methodology, results highlights, the per capita trend since the 2010 survey, general utility information, recent rate comparisons, rate structures, a comparison of charges among survey groups, and such factors as conservation efforts, utility costs and income, and a median household affordability index.
ca said its 2012 Airport Affordability Index is compiled by computing the average airfare users found on its site during the month of August 2012 from each airport to the most popular domestic and international destinations.