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Real Estatel Industry Orange County

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March 22, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
With home prices hitting record levels every month and interest rates rising, the percentage of Orange County households that can afford a typical home in the county dropped to 31% in January--the lowest figure recorded since 1991. The California Assn. of Realtors, which released a statewide study Tuesday, found that the county's housing affordability rate in January fell from 38% a year earlier and 33% in December.
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BUSINESS
March 22, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
With home prices hitting record levels every month and interest rates rising, the percentage of Orange County households that can afford a typical home in the county dropped to 31% in January--the lowest figure recorded since 1991. The California Assn. of Realtors, which released a statewide study Tuesday, found that the county's housing affordability rate in January fell from 38% a year earlier and 33% in December.
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