Homeownership slips further out of reach for all California ethnic groups amid rising mortgage costs
Buying a home in California became less affordable for all ethnic groups last year, as interest rates remained elevated and the typical monthly mortgage payment for a median-priced detached home rose 6 percent compared to the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). Eighteen percent of all Californians earned the minimum income needed to … Read more