Home prices were slightly more affordable in the third quarter this year, compared with the third quarter in 2015.
~ 31% of California households could afford to purchase a median-priced single-family home in the 2016 third quarter.
~ 29% in the 2015 third quarter.
~ 40% of home buyers were able to purchase a median-priced ($418,000) condo or townhouse.
~ $515,940: Median price for a single-family home in California in 2016 third quarter.
~ $100,290: Median annual income needed to make monthly payments of $2,510, including principle, interest and taxes on a 30 year fixed rate mortgage at 3.76% interest rate.
~ Least Affordable Counties in California: San Francisco (14%), San Mateo (15%), Marin (19%)
~ Most Affordable Counties in California: Kings (57%), Kern (56%), San Bernardino (55%)
Published on 2016-12-14 05:53:45
