Only 16% of Californians Can Afford to Buy a Home
August 11th, 2023Via: Bloomberg:
Buying a home in California slipped further out of reach as interest rates climbed and scarce inventory bolstered prices.
Only 16% of households could qualify to purchase a median-priced single-family home in the second quarter, the California Association of Realtors reported Friday. That’s down from 19% in the first quarter and 17% a year earlier.
