SAN DIEGO (CNS) - A surge in demand for housing in San Diego County and statewide during the second quarter of this year drove down affordability for prospective buyers, the California Association of Realtors reported Tuesday.
According to the CAR, 25 percent of households could afford to purchase a single-family home in San Diego County at the median price of nearly $548,000. That's down from 28 percent in the first quarter of this year and 26 percent in the second quarter last year, according to the association.
To afford a house in San Diego County, a household would require a minimum annual income of $108,390 to make monthly payments of $2,700 -- including principal, interest, and taxes on a 30-year fixed-rate mortgage at 3.95 percent interest rate.
Statewide, 30 percent of Californians could afford a median-priced house, according to CAR's Traditional Housing Affordability Index.
Just 10 percent of households could afford to purchase a median-priced house in San Francisco, according to CAR data. The most affordable region was Kings County, where 62 percent could afford such a residence.
Nationwide, 57 percent of households could afford to buy a median-priced house, according to CAR.
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The San Diego County Board of Supervisors on Tuesday banned items that could be used as weapons, such as baseball bats, knives and rocks, in certain areas where border wall prototypes will be built.
Four college basketball coaches were among those facing federal charges Tuesday in a wide probe of fraud and corruption in the NCAA, including former SDSU assistant coach Tony Bland now of the University of Southern California.
A woman who was hit by a pick-up Friday night as she crossed Encinitas Boulevard to catch a train remained in critical condition on Tuesday.
Firefighters working in steep canyons Tuesday got help from retardant-dropping aircraft flying around-the-clock as they saved homes from a smoky blaze that surged through suburban canyons in Southern California and sent hundreds scrambling for safety.
A 29-year-old man was stabbed to death at a City Heights homeless encampment and a woman was hospitalized Tuesday with a stab wound from the same attack as police searched for the assailant, authorities said.