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The Real Housing Index

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Real House Price Index
   Historical Data
   Methodology

Real Affordability Index
   Historical Data
   Methodology

Real Accesssibility Index
   Historical Data
   Methodology

The Real Housing Accessibility Index  -  RHAC-30

DATA

MAIN INDICATORS

The Accessibility Index 

The Accessibility Index estimates the share of families who can afford to buy a median-price house, making a 20% down payment and devoting 25% of their income to pay back a 30-year mortgage loan. A reading of 50% means that 50% of families can afford to buy a median-price house with the benchmark criteria. A reading below 50% means that less than half of the families can afford to buy a median-price house. A reading above 50% means that more than half of the families can afford to buy a median-price house with the referred criteria.

HISTORICAL DATA

The Real Housing Accessibility Index is at its maximum level. In 2010, 81% of the families were able to buy a median-price house, making a 20% down payment and spending 25% of their income. The lowest level was in 2006, when only 69% of the families met the criteria. The average between 1998 and 2010 was 73%.

The index has been above 50% during the whole period, meaning that at least 69% of the families have been able to buy a median-price house during the period. 

Tables

Median price shows the estimated median price of houses for single-families.
Median income shows the estimated median income for families.
Effective interest shows the effective interest rate satisfied for a 30-year mortgage loan.
Real interest shows the estimated real interest rate for a 30-year mortgage loan.
Real Accessibiliy Index shows the Real Opportunity Index level.

Sources at Real Housing Accessibility Index Methodology