Housing Affordability Index (Fixed)
FIXHAI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.20
Year-over-Year Change
5.31%
Date Range
5/1/2024 - 5/1/2025
Summary
The Housing Affordability Index (Fixed) measures the ability of a typical family to afford a median-priced home. It is a key indicator of housing market conditions and consumer purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Housing Affordability Index (Fixed) tracks the relationship between median family income, median home prices, and mortgage interest rates. It represents the percentage of a median-income household's income required to make monthly mortgage payments on a median-priced home, assuming a 20% down payment and a fixed-rate mortgage.
Methodology
The index is calculated by the National Association of Realtors using data on median home prices, median family incomes, and prevailing mortgage interest rates.
Historical Context
The Housing Affordability Index is closely watched by policymakers, real estate analysts, and consumers to gauge housing market trends and consumer buying power.
Key Facts
- Index values above 100 indicate that a typical family has more than enough income to afford a median-priced home.
- The index reached a record high of 213.3 in January 2013 as mortgage rates fell to historic lows.
- Affordability has declined in recent years as home prices have risen faster than incomes.
FAQs
Q: What does this economic trend measure?
A: The Housing Affordability Index (Fixed) measures the ability of a typical family to afford a median-priced home, based on median family income, median home prices, and mortgage interest rates.
Q: Why is this trend relevant for users or analysts?
A: The Housing Affordability Index is a key indicator of housing market conditions and consumer purchasing power, closely watched by policymakers, real estate analysts, and consumers.
Q: How is this data collected or calculated?
A: The index is calculated by the National Association of Realtors using data on median home prices, median family incomes, and prevailing mortgage interest rates.
Q: How is this trend used in economic policy?
A: The Housing Affordability Index is used by policymakers, economists, and real estate professionals to gauge housing market trends and assess the impact of factors like home prices and mortgage rates on consumer buying power.
Q: Are there update delays or limitations?
A: The Housing Affordability Index is published monthly with a relatively short delay, providing timely insights into housing market conditions.
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Citation
U.S. Federal Reserve, Housing Affordability Index (Fixed) (FIXHAI), retrieved from FRED.