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IN BRIEF / THE ECONOMY

Housing Affordability in State Up a Point

September 07, 2001|Diane Wedner

Housing affordability in California inched up in July to 32% from 31% a year earlier, the California Assn. of Realtors reported.

Based on CAR's index, San Diego was the least affordable county in Southern California, with only 24% of households able to afford a median-priced home, up slightly from 23% a year earlier. Orange County was the second-least-affordable county at 28%, up one percentage point.

In Ventura County, affordability was 34%, up from 30%, while Los Angeles County dropped one percentage point to 35%.

Affordability in Riverside and San Bernardino counties remained the same at 47%. At 12%, San Francisco was the least affordable county in the state.

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