The inputs spit out a number that describes the «positive» or «negative» real estate affordability conditions based on the benchmark of the exact «average» situation: the median income family's ability to afford the median income house. (centralcoastlending.com)
Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family. (AshlieDuCros.com)
Since the Housing Affordability Index factors in the effect of house prices AND income and mortgage rates, it is the case that nationally, the median priced home is more affordable to the median income family than it was a year ago. (economistsoutlook.blogs.realtor.org)