Industry News

California real estate affordability drops to 15-year low

Minimum income needed to buy home climbs to $111,690
Published on Aug 18, 2004

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by CareyBot

The percentage of households in California able to afford a median-priced home fell to 18 percent in June, a 9 percentage-point decrease compared to the same month a year ago, according to a report released today by the California Association ...