More Californians Able to Afford Homes

The number of residents able to afford homes in California in May inched up 2 percentage points to 33% over the same period last year, the California Assn. of Realtors said.

In Orange County only 23% of residents were able to afford homes, whereas in Los Angeles and Ventura counties, about 36% of residents could afford a median-priced home in May.

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