Bubble watch: California homebuying ‘affordability’ near pre-crash lows
Bubble watch: California homebuying ‘affordability’ near pre-crash lows
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: California’s pandemic-era homebuying binge slashed affordability to levels last seen in 2007 when folks were grossly overpaying for residences.
Source: The “affordability” index from the California Association of Realtors for existing single-family houses is a yardstick that mixes price trends,…
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