Industry News

New home buyers in California lack income

Median household income falls short by $85,000 in San Francisco area
Published on Feb 15, 2005

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by CareyBot

California households had a median household income of $53,240 in fourth-quarter 2004, which was $56,070 short of the $109,320 qualifying income needed to purchase a median-priced home in the state, the California Association of Realtors reported today. The statewide median ...