California Releases New Affordable Housing Income Limits
Statewide, the median income for a four-person household now stands at $111,300
Statewide, the median income for a four-person household now stands at $111,300
San Bernardino and Los Angeles counties saw the steepest existing-home sales declines in July
Orange and San Bernardino Counties offered two bright spots in an otherwise slow month for California
Orange County posted the only $1 million-plus median sold price within the region last month
All of the six counties in the region saw sales increase by double digits, with Ventura County sales up 55.3 ...
The region experienced one of the smallest price declines in the state, though, down just 2 percent
Risk also remains high for New Jersey and Illinois, while southern and midwestern states remained less exposed
San Bernardino took one of the big tumbles in July despite prices remaining neutral
Just 16 percent of households could afford to purchase the $883,370 median-priced home in the second quarter of 2022
A minimum annual income of $158,000 was needed to make monthly payments on a typical 30-year fixed-rate mortgage
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