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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Industry Report Says Housing Affordability Slips to 25%

August 11, 2000|Diane Wedner

Housing affordability in Orange County and elsewhere in Southern California continued to drop in June, a real estate trade organization reported Thursday.

In Orange County, 25% of the households could afford a mid-priced home in their region, down from 33% a year earlier, according to the California Assn. of Realtors.

San Diego was the least affordable county in the Southland, as only 23% of the households could afford to purchase a median-priced home there, the group found.

The index measuring housing affordability in Ventura County tumbled to 25% from 44% a year earlier. In Los Angeles County, affordability was 39%; Riverside and San Bernardino counties ranked the most affordable, at 47%.

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