3rd quarter “affordability” numbers for Sonoma County and the NorthBay. We are now at 25% or 1 in 4 folks can afford to buy the median home priced at $630,000. You payment will be $3,180 per month with total income needed of $127,100. And this was BEFORE the “Fire Storms”. Now throw in scarcity and things are just very, very tight! Housing Crisis
Here’s the podcast for Otto’s show last Sunday. Great information on appraisal and lender perspectives regarding impact of the Fire Storms which hit Sonomoa/Napa counties. CLICK RIGHT HERE TO LISTEN!