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July 15, 2005
California's Housing Affordability Index falls three points to 16 percent in May
The percentage of households in California able to afford a median-priced home stood at 16 percent in May, a 3 percentage-point decrease compared with the same period a year ago when the Index was at 19 percent, according to a report released today by the California Association of REALTORS® (C.A.R.). The May Housing Affordability Index (HAI) declined 1 percentage point from April, when it stood at 17 percent. For more information, visit California Association of Realtors.
Posted by QiRealtyEditor at July 15, 2005 03:17 PM