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.
The metropolitan index shows the existing single - family
home affordability index over the past three years, by metropolitan area.
The metropolitan index shows the existing single - family home
affordability index over the past three years, by metropolitan area.
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.
NAR's composite quarterly Housing
Affordability Index rose to a record high of 205.9 in first quarter, based on the relationship between median home price, median family income and average mortgage interest rate.
The
RBC Affordability Index measures the proportion of pre-tax household income needed to service the costs of owning a home.
Canada's housing affordability «mildly deteriorated» in the fourth quarter of 2005 due to relatively weak growth in household income, says the latest Housing
Affordability Index released by RBC Economics.
Affordable housing, housing
affordability index of 139.0, and rent requires 16.1 % of household disposable income
ATTOM Data Solutions, released their Q2 U.S. Home
Affordability Index on June 29, 2017, which shows the U.S. median home price of $ 253,000 in the second quarter of 2017 was... more
The HIA - CBA Housing
Affordability Index fell 9.1 per cent over the last three months to be 32 per cent lower compared to the same period last year, showing a worsening situation nationally.
By that measure, the cost of owning a home edged down by 1.0 percentage point to 42.0 percent for a detached bungalow, by 1.2 percentage points to 47.8 percent for a two - story home, and by 0.6 percentage point to 28.0 percent for a condominium, the RBC Housing
Affordability index showed.
While certain housing markets, like Vancouver and Toronto, do seem frothy and at risk of some kind of correction, the Bank of Canada's Housing
Affordability Index suggests a bust is not on the horizon at the national level.
NAR's national Housing
Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate.
The Bank of Canada's recently revamped Housing
Affordability Index says «yes,» while the more widely - known RBC Housing Affordability Measures says «no,» claiming that home ownership costs now exceed the long - term average.
The NATIONAL ASSOCIATION OF REALTORS
® affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home.
The purchase of an average - priced new vehicle took the equivalent of 26.2 weeks of median family income to buy in the fourth quarter of 2006, according to the
Auto Affordability Index compiled by Comerica Bank.
Home Ownership remains within reach for most Canadians but is getting increasingly difficult for families with household income less than $ 50,000, finds CIBC World Markets Inc.'s new Home
Ownership Affordability Index.
Term life does have drawbacks, such as it may not cover you for long enough, but given its low cost and
high affordability index, it solves a lot of consumers problems for a low low price.
Housing affordability worsened in the first quarter of 2017, with 95 out of the 379 counties analyzed in the ATTOM Data Solutions Q1 2017 U.S. Home
Affordability Index below «normal» affordability levels.
After dropping to a low of about 100 in mid-2006, NAR's Housing
Affordability Index started ticking back up, and at the end of November was projected to stand at 106 at the end of 2006.
Despite rising house prices, Canada's housing affordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher prices, says the latest Housing
Affordability Index from RBC Economics.
The ATTOM Q4 2016 Home
Affordability Index dropped to its lowest level since the onset of the recession, with the average homebuyer needing 36.9 percent of their income to afford a median - priced home.
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.
The Housing
Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principle and interest payment to income).
Phrases with «affordability index»