I need a word count. According to its most recent report, San Diego’s affordability index was 11% in the fourth quarter of 2023. In other words, only 11% of buyers could afford to purchase a median-priced home in the region. The California Association of Realtors study found that the median price of a home in San Diego for the final three months of 2023 was $831,500. Local buyers need a minimum income of $248,200 to qualify for a mortgage to purchase that median-priced home.

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02-07-2024
Mathematics

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I need a word count. According to its most recent report, San Diego’s affordability index was 11% in the fourth quarter of 2023. In other words, only 11% of buyers could afford to purchase a median-priced home in the region. The California Association of Realtors study found that the median price of a home in San Diego for the final three months of 2023 was $831,500. Local buyers need a minimum income of $248,200 to qualify for a mortgage to purchase that median-priced home.

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