California's Newest Homeowners: Affording the Unaffordable
Publication Date: January 2005
Publisher: Public Policy Institute of California
Author(s): Hans P. Johnson; Amanda Bailey
Research Area: Social conditions
Type: Report
Coverage: California
Abstract:
Examines the latest trends in home-ownership, the characteristics of homebuyers, and how Californians are able to afford such high prices. Finds that many recent homeowners are financially overextended, that nonconventional financing has also played a role, and that many residents have moved to inland areas of the state where housing is more affordable.
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