Sentences with phrase «median income family»

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.

Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family.

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.

At 185.0, the Housing Affordability Index shows that the median income family earns 85 percent more than the income needed to qualify to purchase the typical home that was sold in August.

Still, even in the West, the median income family earns at least 40 percent more than is needed to qualify to purchase the median priced existing home.

The HAI shows the median income family earns 85 percent more than the income needed to qualify to purchase the typical home.

The index shows the median income family, earning just under $ 61,000, could afford a home costing $ 325,500 in the first quarter, which is more than double the national median existing single - family home price of $ 158,100.