HOUSING AFFORDABILITY IN CALIFORNIA STILL DOWNWARD

According to The Sacramento Bee, recent data from ATTOM Data Solutions shows decreased affordability in 15 counties in California, but Butte County, the site of the Camp Fire, was hit especially hard. Other counties in the state taking losses include Alameda, Los Angeles, Kern, and Contra Costa which all logged rates of less than 100 on the affordability index. .
Butte County fell 17 places – more than any other county in the state – on the firm’s affordability index, which measures how much it would cost for an average income earner to buy a house. Much like the rest of California, the median sales price of a house in Butte County has been rising for years but surged by 17 percent in the last six months.
The Camp Fire killed 86 people last November, burning through 153,000 acres and nearly 19,000 homes and buildings. Immediately after the fire residents fled for nearby Chico and flooded the housing market in that city, including the mayor of Paradise.

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