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First-Time Home Buyer Index Offers Rare Piece of Good News for Bay Area Parents in Economic DownturnMay 1, 2009 The decline in home values has caused challenges for many Bay Area families, but new data from the California Association of Realtors, just posted on Kidsdata.org, show an upside: The percentage of households that can afford to purchase an entry-level home in the Bay Area grew from 2007 to 2008. Most Bay Area counties saw double-digit growth in this measure of housing
affordability. Despite this improvement, the Bay Area lags behind the
overall state in housing affordability. In all six Bay Area counties,
40 percent or fewer of households can afford to purchase an entry-level
house, compared to 51 percent for the state. We've included a customized graph from Kidsdata.org, that shows data for six Bay Area counties and California. This is the type of chart or graph kidsdata.org provides as a public service. Other charts available include median home price and fair market rent. Also recently updated on kidsdata.org are other measures related to family
economics that have an impact on children and their health, including
family
income, poverty
and unemployment. Contact Andy Krackov, assistant vice president for programs & partnerships,
at (650) 736-0677 or andy.krackov@lpfch.org,
if you have any questions about these newly posted data.
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