Friday, March 02, 2007

Housing Affordability In Orange County Increases

Twenty-four percent of Orange County households can afford a typical starter home with a 10% down payment, an adjustable rate mortgage and a minimum income of $118,900, according to the California Association of Realtors. Affordability is based on 2006 fourth quarter figures and is the highest percentage since the fall of 2005.

Whereas, this is good news for Orange County home buyers, O.C. is the third least affordable market in the country, behind Los Angeles and Salinas. Full story...

Are you thinking of buying a home in Orange County? Visit GuideToLocalRealEstate.com to view all real estate listings. Or for more personalized service, give us a call, 949-285-3739.

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