C.A.R. REPORTS ENTRY-LEVEL HOUSING AFFORDABILITY AT 33 PERCENT

Date February 21, 2008

The percentage of households that could afford to buy an entry-level home in California stood at 33 percent in the fourth quarter of 2007, compared with 25 percent for the same period a year ago, according C.A.R.’s First-time buyer Housing Affordability Index (FTB-HAI) released Tuesday.
The FTB-HAI measures the percentage of households that can afford to [...]

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