Industry Report Says Housing Affordability Slips to 25%

Housing affordability in Orange County and elsewhere in Southern California continued to drop in June, a real estate trade organization reported Thursday.

In Orange County, 25% of the households could afford a mid-priced home in their region, down from 33% a year earlier, according to the California Assn. of Realtors.

San Diego was the least affordable county in the Southland, as only 23% of the households could afford to purchase a median-priced home there, the group found.

The index measuring housing affordability in Ventura County tumbled to 25% from 44% a year earlier. In Los Angeles County, affordability was 39%; Riverside and San Bernardino counties ranked the most affordable, at 47%.