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Housing affordability in county still low but improved, as prices fall

Posted on May 21, 2008

Index: 25% able to buy; it was 9.4% a year ago

By Roger Showley
UNION-TRIBUNE STAFF WRITER

May 21, 2008

San Diego County's housing affordability remained the 16th lowest in the nation for the third quarter in the row, the National Association of Home Builders said yesterday.
 
The group's NAHB/Wells Fargo Housing Opportunity Index, which measures the percentage of homes affordable to median-income households, stood at 25.2 percent for the county in the first quarter.

A year ago the percentage was 9.4 percent, 13th lowest in the country.

Read More:http://www.signonsandiego.com/news/business/20080521-9999-1b21afford.html
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