First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.
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affordability — UK US /əˌfɔːdəˈbɪləti/ noun [U] ► the state of being cheap enough for people to be able to buy: »Automobile affordability fell slightly in the second quarter of the year … Financial and business terms
affordability — afford ► VERB 1) (can/could afford) have sufficient money, time, or means for. 2) provide (an opportunity or facility). DERIVATIVES affordability noun affordable adjective. ORIGIN Old English, «promote, perform»; related to FORTH(Cf. ↑ … English terms dictionary
Affordability Index — A measure of a population s ability to afford to purchase a particular item, such as a house, indexed to the population s income. An affordability index uses the value of 100 to represent the position of someone earning a population s median… … Investment dictionary
affordability — noun see afford … New Collegiate Dictionary
affordability — See affordable. * * * … Universalium
affordability — n. quality of being financially manageable … English contemporary dictionary
affordability — af·ford·abil·i·ty … English syllables
affordability — See: affordable … English dictionary
affordability — noun see affordable … Useful english dictionary
affordability index — An index that measures the financial ability of consumers to purchase a home. Bloomberg Financial Dictionary … Financial and business terms
