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Article: Despite Low Interest Rates, Housing Less Affordable in Los Angeles County.
- Article from:
- San Gabriel Valley Tribune (West Covina, CA)
- Article date:
- November 7, 2003
CopyrightCOPYRIGHT 2003 San Gabriel Valley Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jamie McClintock
Nov. 7--In recent months, the percentage of households able to afford a median-priced home in Los Angeles County has fallen to a level not seen since the early 1990s, according to one real estate economist.
In recent months, the percentage of households able to afford a median-priced home in Los Angeles County has fallen to a level not seen since the early 1990s, according to one real estate economist.
In September, only 24 percent of households in the county could afford to buy, down 7 percentage points from a year earlier, according to a report by the California Association of Realtors.
The figure was ...