Home affordability in the Los Angeles area has gotten a bit better for potential buyers. In Greater L.A., 16 percent of households could afford to buy a home at the median price of $837,060 in the third quarter of this year, up from 14 percent in the second quarter and small tick up from 15 percent in the third quarter of last year, Westside Current reported, citing new data from the California Association of Realtors. At the same time, the median price of existing single-family homes in California dropped 2 percent in the third quarter compared to the second quarter. […]
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