Industry News

California real estate affordability falls to 16-year low

Households need $133,800 income to buy median-priced home
Published on Oct 6, 2005

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by CareyBot

The percentage of households in California able to afford a median-priced home fell to 14 percent in August, down 4 percentage points from a year ago, according to a report released by the California Association of Realtors today. The association ...