Alabama Housing Affordability Index Highest in 16 years, According to UA’s Center for Real Estate
May 15, 2009 - Filed under: Outreach, Research | Tagged: College of Commerce & Business Administration, Housing, Real Estate
TUSCALOOSA, Ala. — The Alabama Housing Affordabilty Index for the first quarter of 2009 broke all records for housing affordability when it reached 210.4.
“This record-setting level is great news for Alabama consumers who are considering a home purchase,” said Grayson Glaze, executive director of the Alabama Center for Real Estate at The University of Alabama. The increase was the result of falling interest rates, a drop in median home prices and an increase in median income for Alabama residents.
The index and a full explanation for the increase can be found at http://acre.cba.ua.edu/affordability_index.php
The University of Alabama, a student-centered research university, is experiencing significant growth in both enrollment and academic quality. This growth, which is positively impacting the campus and the state's economy, is in keeping with UA's vision to be the university of choice for the best and brightest students. UA, the state's flagship university, is an academic community united in its commitment to enhancing the quality of life for all Alabamians.
CONTACT: Contact: Bill Gerdes, UA media relations, 205/348-8318, bgerdes@cba.ua.edu; For more information, contact Grayson Glaze, 205/348-7714, gglaze@cba.ua.edu