Housing Affordability Index

Definition of "Housing Affordability Index"
  1. A measure showing the percentage of homebuyers capable of affording an average-priced house in specific areas
How to use "Housing Affordability Index" in a sentence
  1. The Housing Affordability Index of our city has significantly decreased in recent years, leaving fewer prospective buyers.
  2. Many rural areas have a much higher Housing Affordability Index compared to densely populated cities.
  3. According to the Housing Affordability Index, rates are expected to rise following the economic recovery.

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