Snapshot for Housing affordability for first Time homebuyers (HOMEAFFR)

Rate Profile Information for HOMEAFFR

Shows the ability of renters who are potential 1st time buyers to qualify for a mortgage on a starter home. When this index equals 100, the typical first-time buyers can afford the typical starter home under existing financial conditions with a 10%down pymnt. The first time home buyer median income represents the typical income of a renter family with wage earners between the ages of 25 and 44 yrs. old.