Home affordability at an all time high
According to an article in the San Diego Daily Transcript, housing affordability in California continues to improve. Last quarter, 56% of Californians could afford the median-priced single family California home with a 20% downpayment. This is the all-time high on record. In San Diego County, home affordability was at 46% in the first quarter, the same as the last quarter of 2011 and up from a restated 40% a year ago.
Of course, not every home buyer puts down 20% nor does everyone purchase a median-priced single family detached home.
Blog Archive2017-04-21 06:42:10
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