Strong wage growth and level home prices buoy California housing affordability

Higher wages and lower seasonal home prices combined to push California housing affordability higher in the first quarter of 2016. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in first-quarter 2016 rose to 34 percent from the 30 percent recorded in the fourth quarter of 2015. This is the 12th consecutive quarter that the index has been below 40 percent and is near the mid-2008 low level of 29 percent.

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Testimonials

“Dear Garry, I’ve written this recommendation of your work to share with other LinkedIn users. Details of the Recommendation: “Preparation and follow through way above the competition” Service Category: Real Estate Agent; Year First hired: 2013; Top Qualities: Great Results, Expert, High Integrity” - Mike H.

Garry saved me thousands of dollars when he negotiated my home purchase.He went out of his way – way above and beyond what I have experienced with any other real estate agent – to make this process as easy and stress-free as possible.I am so glad I had Garry on my side throughout the whole process. Don’t even think about buying or selling your next home without talking to Garry. - Tony D.

To Whom it May Concern: My Wife and I chose Garry McDonald for our Realtor to sell our San Juan Hills Home. It was the best decision we could have made. To our amazement, our Home sold in just two Days! Garry was, from the beginning, very Professional, informative, straight-forward, and friendly. We would not hesitate to recommend Garry for any of your Real Estate needs in the future. - Robert D.

Hi Garry, We can’t thank you enough for your superb negotiating on our behalf!!! We feel so fortunate to have met you that day on your open house in Dana Point. Not only are you a very knowledgeable realtor, but you also show that you care about your clients by always making sure they feel comfortable with their decisions. Your thoroughness, patience, and easy- going nature definitely help the sales process along. We have been very appreciative of that! We ob… Read more - Garry & Cheryl C.

To all concerned; Garry McDonald helped us find and buy our current home. It took us some time to figure out what we needed so we looked at quite a few homes. Throughout all this, Garry continued to show us homes and narrow down our choices. In the end we picked a house that ended up being negotiated down over S150,000 from the asking price and have been very happy with our choice. We never had any issues with Garry showing us anything and everything we asked for, on time. Throughout the exper… Read more - Bert & Sue F.

Hi Garry – I just wanted to take this opportunity to say thank you so much for being our realtor for the Harbor View house sale. You did a fantastic job representing us and we are grateful for the attention and effort you put forth in making this a successful sale. If I come across anybody who needs a realtor, I would be more than happy to refer you! - Jen

Hi Garry I really appreciate all your hard work to get my place sold. The timing was perfect and not as stressful as I thought. I attribute it to your professionalism and expertise. Best of luck to you with future sales. - Maureen G.