Housing Affordability Slips in California in Q4

By Tory Barringer

Thirty-one percent of homebuyers living in the state were able to afford a median-priced existing single-family home last quarter, the California Association of Realtors (C.A.R.) said Thursday. While that was a slight improvement from 30 percent in Q3, it was down from a revised 32 percent in 2013’s closing months, the group reported.

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