California's Housing Affordability Index fell four points to 15% in September
The percentage of households in California able to afford a median-priced home stood at 15 percent in September, a 4 percentage-point decrease compared with the same period a year ago when the Index was at 19 percent, according to a report released today by the California Association of REALTORS® (C.A.R.). The September Housing Affordability Index (HAI) increased 1 percentage point compared with August, when it stood at 14 percent.
The affordability index in the San Francisco Bay Area held steady from August to September at 12 percent, down from 15 percent a year ago.
At 26 percent, the High Desert region was the most affordable C.A.R. region in the state, followed by the Sacramento region at 20 percent. The Northern Wine Country region was the least affordable in the state at 7 percent.



