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Alameda County Housing Affordability Begins to Stablize

Housing affordability in Alameda County has stabilized. (East Bay Real Estate Directory)

Housing affordability in Alameda County has stabilized. (East Bay Real Estate Directory)

As price increases have slowed, housing affordability in Alameda County has stablized. So says the California Association of Realtors.

In the fourth quarter of the last year, the association’s housing affordability index for Alameda County was 23, almost flat compared to 21 in the prior quarter, and 36 the year before.

An index value of 23 means that 23 precent of whom buyers can afford to purchase a median-priced existing single-family home in the county.

Statewide, the index comes in at a more affordable value of 32.

California housing affordability hit a record high of 56 percent in the first quarter of 2012, as measured by the association.

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