Summary
The percentage of Los Angeles County households able to afford the area's median-priced home remained at 17 percent in March the 10th consecutive month the figure has been at that level.
The figure, included in a trade report released Thursday, showed a county housing market continuing to tread water as still-low, long- term mortgage interest rates fed increased sales activity, in turn pushing up housing prices at the lower half of the price range.See the full content of this document
Extract
Housing Market Treading Water
At 17 percent, the California Association of Realtors' housing affordability index was 5 percent lower than...
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