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California’s housing affordability fell in April.

Citing the continued climb in housing prices and mortgage interest, the California Assn. of Realtors reported that its affordability index declined to 33% from 34% the month before, which means that only a third of the state’s households could afford to purchase the median-priced single-family home of $134,552, which was up 2.1% from March’s $131,799. In Los Angeles, the index fell to 29% from March’s 31%. Households in this region needed a minimum of $42,019 in annual income to qualify for the median priced home of $137,001.

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