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Title:               Housing Affordability Index (Fixed)
Series ID:           FIXHAI
Source:              National Association of Realtors
Release:             Monthly Housing Affordability Index
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Monthly
Units:               Index
Date Range:          2023-03-01 to 2024-03-01
Last Updated:        2024-05-10 2:06 PM CDT
Notes:               Copyright, 2016, National Association of Realtors. Reprinted with
                     permission. Per the agreement with the source, data in FRED are
                     available for the prior 13 months.
                     
                     Measures the degree to which a typical family can afford the monthly
                     mortgage payments on a typical home.
                     
                     Value of 100 means that a family with the median income has exactly
                     enough income to qualify for a mortgage on a median-priced home. An
                     index above 100 signifies that family earning the median income has
                     more than enough income to qualify for a mortgage loan on a
                     median-priced home, assuming a 20 percent down payment. This index is
                     calculated for fixed mortgages.

DATE        VALUE
2023-03-01  103.5
2023-04-01  103.0
2023-05-01   99.6
2023-06-01   93.7
2023-07-01   93.9
2023-08-01   92.4
2023-09-01   94.5
2023-10-01   91.4
2023-11-01   94.2
2023-12-01  102.2
2024-01-01  105.7
2024-02-01  103.2
2024-03-01  101.1