Texas Housing Affordability Index
First Time Homebuyers

MLS Area	4th Qtr 2007	3rd Qtr 2007	4th Qtr 2006	2007	2006
Abilene	1.33	1.23	1.57	1.38	1.57
Amarillo	1.31	1.20	1.46	1.31	1.46
Arlington	1.28	1.20	1.32	1.26	1.32
Austin	1.03	0.98	1.09	1.02	1.09
Bay Area	0.99	0.92	1.07	0.95	1.07
Beaumont	1.24	1.08	1.17	1.14	1.17
Brazoria County	1.45	1.34	-	1.43	-
Brownsville	0.80	0.70	0.94	0.74	0.94
Bryan-College Station	0.97	0.81	0.90	0.84	0.90
Collin County	0.82	0.76	1.29	0.79	1.29
Corpus Christi	0.93	0.85	1.06	0.90	1.06
Dallas	1.20	1.06	1.17	1.11	1.17
Denton	0.99	0.92	1.14	0.95	1.14
El Paso	0.71	0.67	0.78	0.69	0.78
Fort Bend	0.89	0.80	1.20	0.84	1.20
Fort Worth	1.48	1.36	1.56	1.46	1.56
Galveston	1.05	0.94	0.90	0.96	0.90
Garland	1.70	1.43	1.46	1.51	1.46
Harlingen	1.05	0.95	-	1.00	-
Houston	1.03	0.94	1.05	0.98	1.05
Irving	1.27	1.16	1.27	1.22	1.27
Killeen-Fort Hood	1.20	1.26	-	1.22	-
Longview-Marshall	1.20	1.18	1.35	1.20	1.35
Lubbock	1.29	1.19	1.34	1.26	1.34
Lufkin	1.50	1.38	1.95	1.49	1.95
McAllen	0.75	0.64	0.75	0.70	0.75
Montgomery County	0.94	0.87	1.16	0.91	1.16
Nacogdoches	1.08	0.98	1.28	1.04	1.28
Northeast Tarrant County	1.01	0.91	1.33	0.97	1.33
Odessa-Midland	-	-	-	-	-
Palestine	1.61	1.44	-	1.50	-
Paris	1.71	1.50	1.42	1.74	1.42
Port Arthur	1.37	1.27	1.34	1.39	1.34
San Angelo	1.36	1.31	-	1.38	-
San Antonio	1.05	0.95	1.01	1.00	1.01
San Marcos	1.03	1.09	1.12	1.30	1.12
Sherman-Denison	1.72	1.57	1.66	1.65	1.66
Temple-Belton	1.25	1.14	1.30	1.23	1.30
Texarkana	1.32	1.04	-	1.18	-
Tyler	1.19	1.03	1.17	1.11	1.17
Victoria	1.32	1.10	1.25	1.19	1.25
Waco	1.39	1.23	1.32	1.30	1.32
Wichita Falls	1.71	1.50	1.64	1.60	1.64
Texas	1.04	0.95	1.05	1.00	1.05
USA Total	0.63	0.60	0.62	0.63	0.62

The Housing Affordability Index is the ratio of median family income to the income required to qualify for an 80 percent, fixed-rate mortgage to purchase the median-priced home. The MLS Area represents the local reporting Realtors® association's geographical coverage area.

For additional information or questions contact Jim Gaines.