One Cool Thing – Improved Affordability

The Lawhead Team would like to share the C.A.R.’s latest One Cool Thing about the¬†improving home affordability in 2016.¬†

affordabilityHomes were slightly more affordable in Q3 2016 compared with Q3 2015

-VS-

$515,940: Median price for a single family home in California

$100,290: Minimum annual income needed to make monthly payments of $2,510, including principal, interest, and taxes on a 30-year-fixed-rate mortgage at a 3.76% interest rate.

screen-shot-2016-12-13-at-12-24-21-pmMost Affordable Counties in California

Least Affordable Counties in California

 

Source: Real Estate Today Radio, NAHB