- The median price of an entry-level home in California was $247,150 in the third quarter of 2009, making the estimated monthly payment including taxes and insurance $1,450, according to C.A.R.’s affordability index.
- The minimum household income needed to purchase an entry-level home in California in the third quarter of 2009 was $43,500.
- First-time buyers typically purchase a home equal to 85 percent of the prevailing median price.
- Affordability in California during the third quarter of 2009 stood at 64 percent, meaning 64 percent of the state’s households could afford to purchase an entry-level home in California, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ First-time Buyer Housing Affordability Index.
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
www.Barbarainc.com
Barbarainc@gmail.com
Coldwell Banker Nautilus Real Estate
7061 Clairemont Mesa Blvd. Suite 218
San Diego Ca 92111
Lic. #01742839
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