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April affordability index

June 27, 2004

The percentage of households earning enough to buy a median-priced, existing single-family home.

*Based on 30-year fixed-rate 5.42% mortgage with 20% down payment. Includes principal, interest, taxes and insurance.

*--* County L.A. O.C. S.D. RIV. S.BRDO Median home price $423,480 $645,590 $527,320 $327,135 $257,353 Minimum income $95,744 $145,961 $119,222 $73,962 $58,185 Monthly payment* $2,394 $3,649 $2,981 $1,849 $1,455 Affordability index 20% 13% 14% 20% 34% Affordability a year ago 29% 21% 22% 33% 49%

*--*

Source: California Assn. of Realtors

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