Housing Affordability Down
The California Association of Realtors® reports that the Housing Affordability Index was down in March. The report states that "The percentage of households in California able to afford a median-priced home stood at 18 percent in March, a 3 percentage-point decrease compared with the same period a year ago when the Index was at 21 percent."
As we have seen in prior reports, the least affordable areas in the state of California are Northern Wine Country and Santa Barbara regions. The most affordable area are the High desert and Sacramento regions.
To read more, including a list of California regions and housing affordability factors and median prices, go here.