Housing Affordability Index - First-Time Buyer

C.A.R.'s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in the state.

First-time Buyer Housing Affordability Index

STATE/REGION/COUNTY

Q3 2015 Q2 2015 Q3 2014

CA SFH (SAAR)

51 51 52

CA Condo/Townhomes

59 60 60 R

Los Angeles Metropolitan Area

53 53 55

Inland Empire

65 66 68

S.F. Bay Area

41 41 45 R

US

74 74 75

 

S.F. Bay Area

Alameda

41 41 44 R

Contra-Costa (Central County)

40 39 43

Marin

37 33 29

Napa

45 46 44

San Francisco

24 22 29 R

San Mateo

27 26 34

Santa Clara

40 40 44

Solano

66 67 71

Sonoma

47 47 53

Southern California

Los Angeles

45 51 47

Orange County

43 43 44

Riverside County

61 61 63

San Bernardino

72 73 75

San Diego

46 47 49

Ventura

49 49 52

Central Coast

Monterey

51 51 50

San Luis Obispo

50 51 48

Santa Barbara

39 36 35

Santa Cruz

41 41 39

Central Valley

Fresno

67 68 71

Kings County

78 79 80

Madera

68 69 71 R

Merced

73 73 76

Placer County

65 65 66

Sacramento

66 66 69

San Joaquin

58 59 63

Stanislaus

63 64 67

Tulare

72 72 76

Source: CALIFORNIA ASSOCIATION OF REALTORS®

 r – revised

Note: The effective interest rate series previously used to calculate C.A.R.’s First-Time Buyer Housing Affordability Index (FTB-HAI) was discontinued in 2008. Beginning with this news release, the FTB-HAI will incorporate an effective interest rate that is based on the one-year, adjustable-rate mortgage (ARM) from Freddie Mac’s Primary Mortgage Market Survey (PMMS). The effective rate accounts for both the one-year ARM rate and the points/fees as reported by Freddie Mac.