Industry News

California real estate buyers swallowed by income gap

Households fall short nearly $74K in amount needed to buy home
Published on Nov 1, 2005

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by CareyBot

California households are nearly $74,000 short of the $127,950 qualifying income needed to purchase a median home in the state, according to the California Association of Realtors Homebuyer Income Gap Index report for the third quarter of 2005, released today. ...