Home Affordability in California at Ten Year Low

 

The percentage of people able to afford an average-price home in California is at a ten-year low. According to an analysis by the California Association of Realtors, three out of four state residents can’t afford rising median homes prices. The statewide median single-family home price climbed to 597-thousand dollars between April and June of this year. In Sacramento County, only 41-percent of potential home buyers can afford a 374-thousand dollar median-priced home.

 


Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>