Industry News

California real estate affordability sinks further

Typical household needs $125,870 income to buy median-priced home
Published on Aug 11, 2005

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by CareyBot

The percentage of households in California able to afford a median-priced home sank to 16 percent in June, a 2 percentage-point decrease compared to the same period a year ago, according to a report released today by the California Association ...