Home prices in California are on the rise. With the median-priced, existing Single Family Home selling for $485,100 in the second quarter of 2015, and the minimum annual income needed to qualify for the purchase of a median-priced existing Single Family Home is $96,160... What is the impact?
A good question to ask would be, what is the median income for a family of four? Are they being priced out? Is there hope for future buyers?
What are your thoughts on the subject?
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