- Name
- HMDA_PUMS_IncomeEligibleHouseholdsPerHomeSold.csv
- Label
- Income Eligible Households per Home Sold
- Description
- HR&A calculated the income required to afford principal and interest payments at a 30% of household income threshold for a home at each price point using the national annual average 30-year fixed mortgage rate and assuming a 20% down payment. HR&A then used PUMS data to determine the number of households by tenure with the minimum income required to purchase a home at each price point. HR&A counted the number of first-lien, owner-occupied, non-commercial, non-reverse, non-open-end, home-purchase mortgages originated at or below each price point. Finally, HR&A calculated the number of income-eligible households as a ratio of the number of homes sold at each price point.
- Provider
- Home Mortgage Disclosure Act (HMDA), Public Use Microdata Sample (PUMS)
- Attribution
- HR&A analysis of data from Freddie Mac via the Federal Reserve Bank of St. Louis; the Home Mortgage Disclosure Act (HMDA); and the Public Use Microdata Sample (PUMS).
- Format
- tidy_geo
- Origin
- s3
- Status
- ready
- Enabled
- yes