Housing Affordability in State Up a Point
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Housing affordability in California inched up in July to 32% from 31% a year earlier, the California Assn. of Realtors reported.
Based on CAR’s index, San Diego was the least affordable county in Southern California, with only 24% of households able to afford a median-priced home, up slightly from 23% a year earlier. Orange County was the second-least-affordable county at 28%, up one percentage point.
In Ventura County, affordability was 34%, up from 30%, while Los Angeles County dropped one percentage point to 35%.
Affordability in Riverside and San Bernardino counties remained the same at 47%. At 12%, San Francisco was the least affordable county in the state.
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