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Wayne Lam, 40 years old, wants to invest in the properties in Hong Kong. He wants...

Wayne Lam, 40 years old, wants to invest in the properties in Hong Kong. He wants to check if Hong Kong property is expensive. His financial consultant suggests to use the housing affordability index. What is it?

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Answer #1

HOUSING AFFORDABILITY INDEX

The Housing Affordability Index is an index that whether a family earns enough income to qualify for a mortgage loan on a home at the national and regional levels based on the most recent price a of the home and income data of the family.

Housing Affordability Index data are provided by NAR only for being used as a reference. The data can not be reproduced, stored, transmitted or redistributed without NAR's prior written consent for those who are not members of NAR.

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