Only 17 Percent of Current Residents Can Afford to Buy a California Home in 2024
The California Association of Realtors is reporting that only seventeen percent of the state's homebuyers could afford to purchase a median-priced, existing single-family home in California in the first-quarter 2024.
This is up from 15 percent in the fourth quarter of 2023 and down from 20 percent in the first quarter of 2023, according to C.A.R.'s Traditional Housing Affordability Index (HAI).
Only 17 Percent of Current Residents Can Afford to Buy a California Home in 2024