The California Association of Realtors® (CAR) released its 3rd Quarter Housing Affordability Report last week and the numbers show that there has been an increase in the interest rates and a dip in the number of people who can afford to buy homes. This housing affordability index is one of the most reliable sources on information providing insight into the state's housing economy.According to CAR, the number of Californian families that can afford to buy a $487,420 median-priced [...]
