Thursday, February 23, 2006

Latest Housing Affordability Index numbers

According to data released on February 23 by the National Association of Homebuilders for the Los-Angeles-Long Beach-Glendale area, the median home price in Q4 2005 is $500K, and the median family income is about $54K. The housing opportunity index (HOI) is down to 2.3.

Back in Q1 1994, the median home price was $170K, the median family income was about $45K, and the HOI was 45.2.

Is it any wonder Angelenos are feeling a bit squeezed these days?


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