Homebuying burden quadrupled in California’s low-price counties

Even the least expensive parts of California have become unaffordable for homebuyers.

My trusty spreadsheet reviewed homebuying affordability data from Attom, which tracks the typical house hunter’s financial challenges dating to 2005 in 36 California counties. By comparing home values, mortgage rates and household incomes, Attom determined the share of income devoured by a home purchase.

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