Higher housing prices and tight inventory drag down California housing affordability; income required to buy doubles in five years, C.A.R. reports

104 days ago via stlrealestate    Discuss    Real Estate
LOS ANGELES/ Aug. 9, 2017 (PRNewswire-USNewswire)(StlRealEstate.News) — Higher home prices resulting from a severe lack of homes for sale and high demand during the hot home-buying season eroded California’s housing affordability in the second quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, […]
The post Higher housing prices and tight inventory drag down California housing affordability; income required to buy doubles in five years, C.A.R. reports appeared first on STL Real Estate News.

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