Industry NewsMarkets & Economy

Californians boost real estate purchasing power

Real estate brief
Published on Feb 19, 2009

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by CareyBot

Some 59 percent of California households had sufficient income in the fourth quarter of 2008 to buy an entry-level home in the state, up sharply from 33 percent a year earlier, according to data from the California Association of Realtors' First-Time Buyer Housing Affordability Index.

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