Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage

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Housing affordability in California weakens through second quarter Only one out of three households in California can afford median home prices, CAR says by Britt Chester Staff Writer

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A. Only a Minority of Older Households Could Potentially Take Out a Reverse. reverse mortgage to pay for: a) home repairs or improvements (46.. The survey also found high levels of initial borrower. Failure to do so places borrowers in default and makes their.. question 51 on the AARP Survey. 4.

Census Charts Index > Households & Families for California california census data: households & Families. Household and Family statistics for California counties are shown in this easy-to-read table and chart combination. Scroll down for information about Reading the chart. Source: U.S. Census Bureau 2000 Census.

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rcentage of households that could afford to buy an entry-level home in California stood at 69% in the first quarter of 2009, compared with 46% for the same period a year ago, according the California Association of Realtors’ (CAR) First Time Buyer housing affordability index. The minimum household income needed to purchase an entry-level home [.]

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