California Association of Realtors Reports Entry-Level Housing Affordability At 24 Percent In California

Date December 9, 2007

The percentage of households that could afford to buy an entry-level home in California stood at 24 percent in the third quarter of 2007, unchanged from the same period a year ago, according to C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI) released Nov. 29.
The minimum household income needed to purchase an entry-level home at $482,910 [...]