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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Affordability index  

Definition 1.

n index that measures the financial ability of consumers to purchase a home.
 

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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