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Article: Fourth Quarter '08 Housing Affordability Index for Alabama Now Available on UA Real Estate Center Web Site
- Article from:
- Targeted News Service
- Article date:
- February 10, 2009
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The University of Alabama issued the following news release:
The fourth quarter Alabama Housing Affordability Index is now posted on The University of Alabama's Center for Real Estate Web site at http://acre.cba.ua.edu/affordability_index.php.
The statewide housing affordability index is calculated as the ratio of the state's median family income to the income needed to buy and finance the state's median priced home. An index of 100 means that a family earning the state's median income has just enough ...