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Saturday,
April 09, 2005
According to the
National Association of Home Builders-Wells Fargo Housing
Opportunity Index, Los Angeles is the least affordable housing
market.
Measuring the
percentage of homes sales that are affordable to middle-income
families, as well as property taxes, current interest rates, and
some consumer spending factors, the index ranked Los Angeles
last in the 4th quarter of last year at 5.2%, with San Diego
just behind at 5.3%.
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