First-time homebuyer index rises slightly

 

 

The California Association of Realtors' First-time Buyer Housing Affordability Index released Monday said the percentage of buyers who could afford to purchase an entry-level home in California stood at 66 percent in the third quarter, up from 65 percent in the second quarter and 64 percent in last year's third-quarter.

CAR also reported improvement in Sacramento County - 82 percent in the third quarter, compared with 80 percent in the second quarter and 78 percent in the third quarter of 2009.

 

 
By Mark Glover
mglover@sacbee.com The Sacramento Bee Published