Housing Affordability Up in California

Housing affordability in California rose to 32% in August, up 3 percentage points from a year earlier, according to the California Assn. of Realtors.

In Los Angeles County, 34% of residents could afford homes, up from 33% a year ago. At 24%, San Diego was the least-affordable county in the region, up 1 percentage point over last year.

Only 27% of Orange County’s residents could afford a median-priced home in August, up from 26% a year earlier. In Ventura County, affordability was 35%, up from 31%. Riverside and San Bernardino counties remained the most affordable at 49%, up from 47% a year ago.

At 13%, San Francisco was the least-affordable county in the state.