California housing affordability holds steady in third-quarter 2026 as lower home prices offset higher mortgage rates, C.A.R. reports

Overview

Nineteen percent of California households could afford to purchase the $894,630 median-priced home in the third quarter of 2026, unchanged from both the second quarter and a year ago. A minimum annual income of $228,000 was needed to make monthly payments of $5,700, including principal,...

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