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California Housing Affordability Q1 2022

California Housing Affordability Q1 2022

  • Laura Kate Jones
  • 05/2/22

The California Association of Realtors® listed Q1 Housing Affordability Index Market Trends on May 2, 2022

  • 24% of California Households could afford to purchase a median priced home (existing single family detached home) compared to 27% in Q1 of 2021
  • $797,000 was the median price of an existing single family detached home up 10.6% from Q1 in 2021
  • $158,000 was the minimum income required to make monthly payments of $3,950 at a 30 year fixed mortgage rate of 3.97%  vs. $131,000 in Q1 of 2021


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