Thursday, April 14, 2005

California's Housing Affordability Index down in February

The California Association of REALTORS® (C.A.R.) reports that "The percentage of households in California able to afford a median-priced home stood at 19 percent in February, a 6 percentage-point decrease compared with the same period a year ago when the Index was at 25 percent (revised)."

Where is the most and least affordable areas in California? The report states it is the High Desert. The Santa Barbara region is identified as the least affordable.

To read the entire online article, go here.

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