Monday, December 13, 2004

The Unsustainable California Housing Market

The California Association of Realtors has put out a report on the gap between incomes and home prices in that state. "California households, with a median household income of $52,940, are $55,370 short of the $108,310 qualifying income needed to purchase a median-priced home at $462,510 in California, according to the...Homebuyer Income Gap Index".


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