Tuesday, May 20, 2008

2008 First Quarter housing affordability for Ventura and Los Angeles

Click charts for larger version

Here is the National Association of Home Builders/Wells Fargo Home Opportunity index charted with Median prices and Median Incomes for as long as the NAHB has had available (unfortunately not that long for Ventura). Affordability improved for Ventura due to both Median income rising by 5.5% and Median prices falling. It is odd in the face of rising unemployment for Ventura county that incomes are rising.
Los Angeles still maintains it rank as most unaffordable region in the nation 223rd out of 223 of the largest MSA. Ventura clocks in at 211th.

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