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
