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It's a Little More Difficult to Buy a Home in California

 
It's a Little More Difficult to Buy a Home in California
Posted August 13th, 2014 @ 2:13pm by KFBK News

It's a little more difficult to buy a home.

The California Association of Realtors says affordability slipped in the second quarter of the year, as lower interest rates failed to offset a continued rise in prices.

The real estate agents say the percentage of buyers who can afford to purchase a median-priced single-family home across 26 counties fell from 33 percent to 30.

Buyers need a minimum annual income of 55 thousand dollars to qualify for a home in Sacramento County, with a down payment assumed.

The most most affordable counties in California are Kings, San Bernardino, and Merced. The most expensive are San Francisco, San Mateo and Marin.

 

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