Valley News -

Home-buying capacity slips in Riverside County


Last updated 11/12/2017 at Noon

RIVERSIDE – The number of Riverside County households who are able to afford a median-priced home fell in the third quarter of this year, in line with a statewide trend, a real estate tracking firm reported.

Roughly 38 percent of the county’s residents could qualify to buy a single-family dwelling between July 1 and Sept. 30, down from 39 percent in the prior quarter, according to the California Association of Realtors.

CAR’s Housing Affordability Index also showed a year-over-year drop, with the number of qualifying homebuyers at 42 percent in the third quarter of 2016.

In calcula...

For access to this article please sign in or subscribe.


Reader Comments


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019