Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage

rcentage of households that could afford to buy an entry-level home in California stood at 69% in the first quarter of 2009, compared with 46% for the same period a year ago, according the California Association of Realtors’ (CAR) First Time Buyer Housing Affordability Index. The minimum household income needed to purchase an entry-level home [.]

Only 60% of Inland Empire households can ‘afford’ entry-level home with ‘generous’ mortgage Income of $50,260 was needed for $1,680 payment on a $310,250 home.

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C.A.R.’s First-time Buyer Housing affordability index (ftb-hai) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state.

Just 60% of Inland Empire households can comfortably buy an entry-level. home. By “traditional” math, only 57% affordability with $53,620 income needed. Here’s how first-time affordability looked.

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As the older homeowners die (many of us are over 70 already), we will be home to only newcomers who can afford the $2+ million median home. or continue down the current path that once allowed.

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Britney Spears not ‘ready physically, mentally and passionately’ for Vegas residency Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage

Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage OC Register Just 51% of Southern California households can comfortably buy an entry-level home – and they’d need to earn at least $70,090 annually, according to a California Association of Realtors first-time buyer financing index.

Just 51% of Southern California households can comfortably buy an entry-level home – and they’d need to earn at least $70,090 annually, according to a California Association of Realtors first-time buyer financing index.

Only 51% of Southern California households can afford’ entry-level home with generous’ mortgage – Just 51% of Southern California households can comfortably buy an entry-level home – and they’d need to earn at least $70,090.

Census Charts Index > Households & Families for California California Census Data: Households & Families. Household and Family statistics for California counties are shown in this easy-to-read table and chart combination. Scroll down for information about Reading the chart. Source: U.S. Census bureau 2000 census.

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