Buying a Home in California is Harder for Middle Class Families

Source: KPBS

 

The median income required to buy a home today in California is $30,000 higher than it was a few years ago, which means less than a third of California households can afford a home at the median price right now. According to Selma Hepp, senior economist with the CALIFORNIA ASSOCIATION OF REALTORS®, it’s much harder today than it was a year ago to buy a home in the state because there are very few affordable homes available in places most people want to live.
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