California, your affordable housing woes are far from over
California Association of Realtors | February 12, 2019
It’s no surprise that affordability has been a tremendous concern for many home owners living in California, and new data suggests that their worries are far from over. According to the Traditional Housing Affordability Index from the California Association of Realtors, the percentage of homebuyers who could afford to purchase a median-priced, existing single-family home edged up to 28% in the fourth quarter of 2018. Although this is an increase from 27% in the third quarter, the percentage is still slightly lower than 29% in Q4 of 2017.