California housing affordability gets a breather in Q1

California Housing Affordability Gets A Breather In Q1

Seasonal home price declines and robust income growth have helped bolster California housing affordability, according to the California Association of Realtors’ Q1 affordability report. Thirty-two percent of buyers could afford to buy a median-priced ($496,620) home in Q1 — a 1 percentage point increase from Q4 2015.