Friday, August 24, 2007

Affordability is still the issue

From the Central Valley Business Times:

Despite foreclosure rates that are among the highest in the nation, parts of the Central Valley have some of the least affordable housing in all 50 states, according to a report Thursday from the California Building Industry Association.

Affordability in most California markets actually declined from the first quarter of the year to the second quarter, the association says.

Virtually every metropolitan area in the Central Valley is among the nation’s 30 least affordable areas, says the report.

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