Great news for those looking to buy a home in California! California's Home Affordability Index rose to an all time high this year in many California counties. The Home Affordability Index measures the percentage of households that can afford to purchase a median priced single-family home in various regions throughout the state. This information is provided by the California Association of Realtors. While this is good overall news, it is also striking that many of California's most populated areas including Orange County, Los Angeles, San Francisco, San Jose, and San Diego are not reflected in areas with 50%+ Affordability - still no doubt that it's a good time to buy throughout the state with interest rates at historic lows and home prices still well off their previous highs.
If you are an Orange County home buyer looking to take advantage of the current favorable real estate market, I would welcome the opportunity to work with you. David Grbich is the Broker Owner of Ventana Coastal Properties serving the needs of buyers, sellers, and investors, and renters in the South Orange County area. I can be reached anytime at 949-500-0484 or via email at dave@ventanacoastalproperties.com - I look forward to delivering exceptional service and results!
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