Sunday, January 22, 2006

California Housing Affordability ... down

The California Association of Realtors (C.A.R.) reports that approximately 14% of California households can afford a median-priced home in our state. Last year, this percentage stood at 19%. The C.A.R.'s Housing Affordability Index shows that the High Desert is the most affordable region in California, with a 24% Housing Affordability Index. The least affordable areas in our state? With a Housing Affordability Index of 7% (ykes!), the areas of the Northern Wine Country, San Luis Obispo and Santa Barbara took top honors.

To read more: Housing affordability index

No comments: