Existing Home Sales down 2.2% YTY to 420,360. Median Price up 5.8% YTY to $526,580. Unsold Inventory down 6.4% YTY to 3.4 Months. Median Time on Market down 2.6% YTY to 28.9 Days. Price per SQ Ft. up 4.8% YTY
Minimum annual income required to purchase hits six digits for first time since Great Recession, allowing only 31% of households able to afford a California home. Percentage of households who can afford to buy a median-priced home.
By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget. Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how