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L.A.-O.C. housing market is least affordable in U.S., Zillow says
L.A.-O.C. housing market is least affordable in U.S., Zillow says

Los Angeles and Orange counties are the least-affordable housing market in the country. And it's likely to only get worse. That's according to new figures due out Thursday from real estate website Zillow, which found that renters here need to pay more of their income to afford a place to live than anywhere else in the country. Adding to the affordability woes, Zillow is predicting that home prices here will climb 5.7% in the next year, outpacing likely growth in most people's paychecks. The real estate website crunched for-sale and rent prices and incomes across 35 housing markets in the U.S. It found that a family earning the median household income of $59,424 in...

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