Bubble watch: California housing ‘affordability gap’ near pre-crash levels
Bubble watch: California housing ‘affordability gap’ near pre-crash levels
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: California’s “home affordability gap” for first-time buyers is nearing levels last seen in the bubble years of the mid-2000s.
Source: My trusty spreadsheet compared an affordability yardstick for starter homes in California and the U.S. — the California Association of Realtors’ first-time buyer…
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