Fifteen percent of California households could afford to purchase the $833,170 median-priced home in the fourth quarter of 2023, unchanged from 15 percent in third-quarter 2023 and down from 17 percent in fourth-quarter 2022. A minimum annual income of $222,800 was needed to make monthly…
Elevated interest rates and home inventory shortage keep California housing affordability at 16-year low, C.A.R. reports
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