California housing affordability continues to rise in the first quarter of 2012


LOS ANGELES, CA – May 17, 2012 – (RealEstateRama) — Housing affordability in California set a new record high in first quarter 2012 rising to 56 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The increase can be attributed to record-low interest rates and stabilization in home prices.

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