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Finance Dictionary and Glossary of Investment Terms
Affordability index
Definition 1.
n index that measures the financial ability of consumers to purchase a home.
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Definition 2.
A measure of the financial ability of U.S. families to buy a house. 100 means that families earning the national median income have just the amount of money needed to qualify for a mortgage on a median-priced home; higher than 100 means they have more than enough and lower than 100 means they have less than enough.
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