NAR Housing Affordability Index hits 42-year high in January

The Index is based on home price, income, and mortgage interest rate data.

http://www.inman.com/2012/03/08/nar-housing-affordability-index-hits-42-year-high-in-january/

The housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. Below you will find monthly national data, quarterly national data for all buyers and for first-time buyers, and annual data for the 155 metropolitan areas also covered in our metropolitan median price series.
http://www.realtor.org/research/research/housinginx

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