November 17, 2005

Housing Affordibility Falls

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Housing Affordibility Falls

- by Jeff Hoffman

© Jeff Hoffman- All Rights reserved
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California Association of Realtors reports on housing affordability

As of September of this year, 15% of Californians were able to afford a median-priced home (translation: a home costing $543,980). This is down from the 19% who were able to afford a median-priced home one year ago. Clearly rising home prices have outpaced income growth.

With such a dismal picture of home ownership, one has to question why there are so many people coming into the state. What are your thoughts? Post a comment and let me know.

To read more: housing affordability in California

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Jeff Hoffman is the President of Hoffman Realty Group, Inc. and has assisted in over 100 relocation transactions during his real estate career. He is the creator of a powerful home selling system designed for the home seller not the real estate agent. To learn more about his Smart Seller Home Selling System visit
www.SmartSellerListing.com

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