Los Angeles First-Time Buyer Housing Affordability Increases
The First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. The Index is the best indication of whether or not Los Angeles first-time buyers are able to enter the real estate market.
The Los Angeles First-time Buyer Housing Affordability Index was 41 percent in the 2nd quarter of 2008 compared to 56 percent in the 2nd quarter of 2009...it's a good time to be a first-time buyer!!
Low interest rates, low prices and the $8,000 tax credit have all contributed to the favorable climate for first-time home buyers.
Have questions about buying a Los Angeles home? Ask Eileen!
Get the First-time Buyer Housing Affordability Index for other parts of California.
