Industry News

Real estate affordability gap widens in California

Households fall $55,370 short in income needed to purchase home
Published on Dec 2, 2004

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by CareyBot

A report released today by the California Association of Realtors found that California households with a median income of $52,940 were $55,370 short of the $108,310 qualifying income needed to purchase a median-priced home at $462,510 in the third quarter. ...