What Car is saying about afordability for homes |
I found this article on CAR.org, (California Association of Realtors) and thought some of the First Time Buyers might be interested in it.
C.A.R. REPORTS Q2 ENTRY-LEVEL HOUSING AFFORDABILITY INCREASES 50 PERCENT
Nearly half of first-time home buyers in California were able to afford an entry-level home in California in the second quarter of 2008, according to a report released yesterday by C.A.R. Affordability rose to 48 percent in the second quarter compared with 24 percent a year ago.
At 68 percent, the High Desert region was the most affordable area in the state. The San Francisco Bay Area region was the least affordable in the state at 32 percent, followed by the Santa Clara region at 33 percent. The Monterey, Northern Wine Country, Palm Springs/Lower Desert, Santa Barbara County, Southern California, Merced, Riverside, and Sonoma regions all reached record-high affordability levels in the second quarter of 2008.
If you are a First time buyer and would like help getting into your first home call me. 707-249-1041. I have some great mortgage people to help you with a loan. So if you are looking for a home in the Solano County area I am here to help you.
