Housing affordability in Ventura County has increased dramatically according to the California Association of Realtors. C.A.R.'s First-time Buyer Housing Affordability Index measures the percentage of households that can afford to purchase an entry level home in Ventura County. C.A.R. reports that the Index is the most fundamental measure of housing well-being for first-time buyers.
In the second quarter of 2007 First-time Buyer Housing Affordability Index shows that only 25% of Ventura County residents could afford to buy an entry level home. The most recent Index numbers show that there's been a dramatic increase in housing affordablility in Ventura County. In the second quarter of 2008, the number of Ventura County households able to afford an entry level home here in Ventura County increased to 48%!
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