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Home Affordability In Sacramento – California Housing Affordability Study for 2017

 

 

Home Affordability In Sacramento County and the Tri County Area

 

First-time Buyer

C.A.R.’s First-time Buyer Housing Affordability Index

 

According to to The California Association of Realtor’s (C.A.R.’s) Traditional Housing Affordability Index, We are heading back to the place where most folks cant afford a home. That is, less than half of  all Californians can qualify to buy a home… The THAI measures the percentage of households that can afford to purchase the median priced home in the state and regions of California based on traditional assumptions. C.A.R. also reports its traditional and first-time buyer indexes for regions and select counties within the state. The HAI is the most fundamental measure of housing well-being for buyers in the state.

 

State / Region / County Q4 – 2016 Q3 – 2016 Q4 – 2015 Median Home Price Monthly Payment Including Taxes and Insurance Minimum Qualifying Income
CA Single Family Home 51 50 51 $434,656 $2,076 $62,284
Sacramento 65 63 66 $275,655 $1,317 $39,500
Placer County 66 65 65 $369,512 $1765 $52,949

 

 

Indexed Quarterly, C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI) is used to measure the percentage of California households that can afford to purchase an entry-level home in California. It is reported by regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in the state.

http://www.car.org/marketdata/marketforecast/

See the entire report here

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