Housing Markets Pricing Out Middle Class
Sunday, July 10, 2005
Ouch! Better buy now, or get stuck renting.
By May, the median home price in California climbed to $522,590 — more than double the price in most other states. To buy the typical home with monthly payments of $3,067, a California family would need to earn about $122,700 to qualify for a conventional loan.
Yahoo News
posted by author @ 2:57 PM,
