After hitting a 10-year low in Q3 2017, slightly lower home prices and steady mortgage rates allowed more Californians to realize the dream of homeownership and purchase a home in the fourth quarter of 2017.
29% of California households could afford to purchase a median-priced single family home at $550,990.
37% of Californians could afford to purchase a median-priced condo or townhome at $449,720.
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