The phrase "affordability index" refers to a measure that helps determine how affordable something is. It considers factors like income, expenses, and price to determine if something is within a person's financial means. Full definition
CAR has been publishing its traditional housing affordability index since 1988 and described the first quarter of 2012 as the most affordable quarter yet. (re-insider.com)
The metropolitan index shows the existing single - family home affordability index over the past three years, by metropolitan area. (nar.realtor)
The metropolitan index shows the existing single - family home affordability index over the past three years, by metropolitan area. (nar.realtor)