Housing Affordability Index Remains Steady

After 6 consecutive quarters of declines, he percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California was unchanged from the third quarter of 2013 at 32 percent. This was down from 48 percent in fourth-quarter 2012, according to California Association of Realtors Traditional Housing Affordability Index (HAI).

The Traditional Housing Affordability Index (HAI) measures the percentage of all households that can afford to purchase a median-priced, single-family home in California.

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