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Sunday, August 30, 2009

Entry-level Affordability Up

Quick Facts:


· C.A.R. First-time Buyer Housing Affordability Index stood at 67 percent in the second quarter of 2009 compared with 49 percent (revised) in the second quarter of 2008

· The median price of an entry-level home in California was $224,180 in the second quarter of 2009

· The estimated monthly payment including taxes and insurance was $1,330 in the second quarter of 2009

· The minimum household income needed to purchase an entry-level home in California in the second quarter of 2009 was $39,930



C.A.R. reports entry-level housing affordability reached 67 percent in the second quarter of 2009

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