REAL ESTATE NEWS
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Home affordability, continued ...
The report says that the First-Time Buyer Housing Affordability Index fell 3 percentage points compared to the second quarter because of a 10 percent uptick in the price of an entry-level home.
The minimum income needed to buy a home priced at $247,150 in California was $43,500, according to C.A.R.
The most affordable area in the state? The High Desert, where 85 percent of households could purchase a home. The least affordable was San Luis Obispo, with a 47 percent ranking.
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Related headlines
'OC METRO Minute,' Nov. 12: Foreclosures jump 75 percent in O.C.
Newport Beach's Master Development gears up for Las Palmas auction
First-time homebuyer tax credit extension gets OK
'OC METRO Minute,' Nov. 9: BIA-O.C. CEO Kristine Thalman talks about tax credit
Home affordability, continued ...
The report says that the First-Time Buyer Housing Affordability Index fell 3 percentage points compared to the second quarter because of a 10 percent uptick in the price of an entry-level home. The minimum income needed to buy a home priced at $247,150 in California was $43,500, according to C.A.R.
The most affordable area in the state? The High Desert, where 85 percent of households could purchase a home. The least affordable was San Luis Obispo, with a 47 percent ranking.
<< PREVIOUS PAGE
Related headlines
'OC METRO Minute,' Nov. 12: Foreclosures jump 75 percent in O.C.
Newport Beach's Master Development gears up for Las Palmas auction
First-time homebuyer tax credit extension gets OK
'OC METRO Minute,' Nov. 9: BIA-O.C. CEO Kristine Thalman talks about tax credit
