Industry News

Californians fall short in real-estate buying power

Average household needs extra $41,360 annually to qualify for median-priced home
Published on Apr 29, 2004

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by CareyBot

California households, with a median household income of $52,320, are $41,360 short of the $93,680 qualifying income needed to purchase a median-priced home at $406,390 in California, according to the California Association of Realtors Homebuyer Income Gap Index (HIGI) report ...