| According to the California Building Industry | | | | metro areas in the bottom 10 were:6. San Diego |
| Association, the California housing market is in an | | | | County |
| interesting place.California currently sits as the most | | | | 7. Merced County |
| unaffordable place to live. Los Angeles County is the | | | | 8. Napa County |
| least affordable market in the country to purchase a | | | | 9. Santa Cruz CountyNumber ten was a tie between |
| home. With 18 of the bottom 20 markets, California | | | | New York City and Long Island.Nationally, 41.35% of |
| isn't appealing to many pocketbooks.The data, | | | | the homes sold in the first quarter of 2006 were |
| released by the National Association of Home | | | | considered affordable to consumers with median |
| Builders, shows that only 1.9% of the new and | | | | incomes. For less than half of the 183 metro areas |
| existing homes sold in the first quarter could be | | | | recorded, affordability was greater than 50%. Five |
| afforded by residents earning a median income in Los | | | | areas recorded affordability levels of 90% or |
| Angeles County. When compared to the fourth | | | | more.Martin Lukac ( represents and a finance |
| quarter of 2005, there was a 2.3% drop in | | | | web-company specializing in real estate/mortgage |
| affordability for the county.The second-least | | | | market. We specialize in daily updates, rate |
| affordable metro area in the country was Orange | | | | predictions, mortgage rates and more. Find low home |
| County, followed by Santa Barbara County, Stanislaus | | | | loan mortgage interest rates from hundreds of |
| County and Monterey County. The other California | | | | mortgage companies! |