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Article: Golden State Is 5% More Pricey.(housing affordability index show 5 percent decrease from June 2001)(Brief Article)
- Article from:
- Origination News
- Article date:
- September 1, 2002
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The percentage of households in California able to afford a median-priced home decreased by 5% in June compared to a year ago, according to a report released today by the California Association of Realtors here.
The June 2002 Housing Affordability Index stood at 27%, down five points from 32% in June 2001, according to the association. The June index slipped 1% from May 2002, when it was 28%.
At 66%, the High Desert was the most affordable region in the state, followed by Riverside/San Bernardino and ...