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HOI |
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This is the ninth consecutive quarter that the Los Angeles/Long Beach area anchored the National Association of Home Builders/Wells Fargo Housing Opportunity Index. A recent survey conducted by the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), shows that just 2% of new and existing homes sold in California during the previous quarter -- with a median average price of $525,000 -- were affordable to those earning a median family income of $56,200. Last week, the National Association of Home Builders/Wells Fargo Housing Opportunity Index showed that California had the lowest affordability in the nation. |
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