https:\/\/assets.recenter.tamu.edu\/Documents\/Articles\/2188.pdf<\/a><\/p>\nGaines, James P, and Clare Losey. \u201cHow Much Home Can a Household Afford.\u201d <\/span>Tierra Grande Journal of the Real Estate Center at Texas A&M University<\/i>, pp. 7\u201313, assets.recenter.tamu.edu\/Documents\/Articles\/2188.pdf. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Housing affordability is broadly defined as the ability of a household (or family) earning the median income to qualify for the median-priced home. The fundamental determinants\u2014home price and household income\u2014have diverged since the recovery from the Great Recession, causing national and statewide declines in housing affordability. The Real Estate Center\u2019s Housing Affordability Index employs median family income relative to the median home price. Another measure of affordability, the Texas Affordability Pyramid (the pyramid), estimates the number of households that can afford to purchase a home at specific price intervals based on household income. Read More at:\u00a0https:\/\/assets.recenter.tamu.edu\/Documents\/Articles\/2188.pdf Gaines, James P, and Clare Losey. \u201cHow Much Home Can a Household Afford.\u201d Tierra Grande Journal of the Real Estate Center at Texas A&M University, pp. 7\u201313, assets.recenter.tamu.edu\/Documents\/Articles\/2188.pdf.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/posts\/4373"}],"collection":[{"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/comments?post=4373"}],"version-history":[{"count":1,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/posts\/4373\/revisions"}],"predecessor-version":[{"id":4375,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/posts\/4373\/revisions\/4375"}],"wp:attachment":[{"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/media?parent=4373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/categories?post=4373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/perryhester.com\/wp-json\/wp\/v2\/tags?post=4373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/perryhester.com\/wp-content\/uploads\/2018\/01\/05-300x200.jpg\")
Housing affordability is broadly defined as the ability of a household (or family) earning the median income to qualify for the median-priced home. The fundamental determinants\u2014home price and household income\u2014have diverged since the recovery from the Great Recession, causing national and statewide declines in housing affordability. The Real Estate Center\u2019s Housing Affordability Index employs median family income relative to the median home price. Another measure of affordability, the Texas Affordability Pyramid (the pyramid), estimates the number of households that can afford to purchase a home at specific price intervals based on household income.<\/p>\n