Higher home prices reduce California housing affordability, C.A.R. reports

Higher home prices reduce California housing affordability, C.A.R. reports

LOS ANGELES, CA – November 13, 2012 – (RealEstateRama) — Rising home prices offset lower interest rates, reducing housing affordability in California during the third quarter of 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

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Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Contact:

Los Angeles - Executive Office:
525 South Virgil Avenue
Los Angeles, CA 90020-1403
Phone: (213) 739-8200
Fax: (213) 480-7724

Media:

Mark Giberson
Phone: (213) 739-8304.

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