July Affordability at 18% of Home Buyers in California

The good news is that this week's 30-year interest rate went down a little more: 5.625% at no points, and also the affordability index was unchanged from June. This is a statewide index, the one for Los Angeles County is a little higher because the median priced home here is lower than the statewide median of $463,000. Read this article on July 04 Housing Affordability Index at CAR's website.