Saturday, January 14, 2006

Affordability Index

The California Association of Realtors reported on the affordability of housing in our sunshine state. They reported that the percentage of California households that can afford to purchase a median-priced home stands at 14% as of November 2005. Ventura County stands at 13%, Los Angeles at 11%, and Santa Barbara at 7% (one of the lowest in the state). Although these numbers are dangerously low, the silver lining seems to be that Ventura County is keeping pace with the state, even though our neighbors in Santa Barbara and Los Angeles are not.


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