Housing Affordability Falls to 30% in State
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Housing affordability in California fell to 30% in October, down 7 percentage points from the same period a year ago, according to the California Assn. of Realtors.
Only 23% of San Diego County’s residents could afford a median-priced home in October, down 8 percentage points from a year ago.
In Orange County, the affordability index fell from 32% a year ago to 28%, while L.A. County dropped to 35%, down from 40% a year ago. Ventura County, at 31%, was down 7 percentage points.
San Francisco was the least affordable county in the state, with only 11% of its residents able to afford a median-priced home. At the other end of the scale, Riverside and San Bernardino counties dropped to 46% from 51%.
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