Santa Clarita Real Estate Blog: Santa Clarita Real Estate Less Affordable Than in Prior Years

Santa Clarita Real Estate Blog

Santa Clarita Real Estate tidbits and updates. Santa Clarita real estate is booming! As one of the FBI’s safest cities and freeway-close to the Los Angeles area, Santa Clarita real estate is in high demand. The City of Santa Clarita consists of the towns of Canyon Country, Saugus, Newhall and Valencia. In addition to the City of Santa Clarita, the areas of Acton, Agua Dulce, Castaic, and Stevenson Ranch are part of the area of north Los Angeles County known as the Santa Clarita Valley.

Friday, January 13, 2006

Santa Clarita Real Estate Less Affordable Than in Prior Years

CAR's Monthly Housing Affordability Index Drops Again

The California Association of Realtors (CAR) reported that only 14% of California households were able to afford a median-priced home in November. That's down from 19% in November 2004.

In Los Angeles County, the percentage was only 11%, compared to 17% in 2004.

A family needed an income of at least $133,390 in November to purchase a median-priced California home priced at $548,400 based on an effective interest rate of 6.26% and assuming a 20% down payment.

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Linda Slocum
HoneyStartPacking.com
Santa Clarita Real Estate

To have grown wise and kind is real success. Anonymous

About Me

Name: Linda Slocum

Location: Santa Clarita, California, United States

Linda Slocum has the motivation and know-how to get you the results you deserve when you buy or sell a home. Linda takes pride in her "get it done" attitude, and puts it to work in each of her transactions. She puts a strong emphasis on marketing, which allows homebuyers to have a large spectrum of options and allows sellers to gain maximum exposure on their properties. She is also highly qualified; she is a licensed CPA and holds her e-PRO, SRES, ABR and CRS designations.