Los Angeles Now Least Affordable Housing Market in U.S.

According to the latest National Association of Home Builders-Wells Fargo Housing Opportunity Index released this week, San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017.

In all, 58.3 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $68,000. This is down from the 59.4 percent of homes sold that were affordable to median-income earners in the second quarter.

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