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Only 17 percent of Los Angeles County, Calif., households able to afford home.
By Gregory J. Wilcox, Daily News, Los Angeles Knight Ridder/Tribune Business News
Jan. 14--Housing affordability in California and Los Angeles County fell an annual six percentage points in November but remained unchanged for the third consecutive month, a trade group said Thursday.
Two months ago, 19 percent of the state's households could afford to buy a home priced at the median of $473,260, said the California Association of Realtors. In November 2003, 25 percent of the households could afford a home priced at the median $384,470.
Los Angeles County's affordability index remained at 17 percent in November, when the median price was …
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