Bay Area Housing Affordability Drops to 1 in 5
August 26, 2014

According to data obtained from the California Association of Realtors, 20 percent of residents across the nine-county region could afford a single-family home, down from 23 percent in the first quarter and 25 percent in the second quarter of 2013.
This closely mirrored second-quarter trends observed across the state, where the amount of residents who could afford a home declined to 30 percent, down from 33 percent in the previous quarter and 36 percent a year earlier.
Marin, San Francisco, and San Mateo were in a three-way tie for the least affordable of the 26 California counties in which CAR provided breakout data, with 14 percent of residents able to purchase a home. Affordability declined from the first quarter 1 percent in Marin and San Francisco counties while holding steady in San Mateo County.
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