Industry News

Three-fourths of first-time buyers can’t afford California home

State Realtor group releases new affordability index
Published on Aug 17, 2006

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by CareyBot

About 23 percent of first-time home buyers in California were able to afford a median-priced home in second-quarter 2006, compared with 30 percent in second-quarter 2005, according to a new index developed by the California Association of Realtors. C.A.R.’s First-time ...