Housing affordability in California improved in early 2026, with 22% of households able to afford a median-priced single-family home at $843,390, up from 21% in late 2025. A minimum income of $204,800 was needed for mortgage payments at a 6.24% interest rate. Condo affordability also rose to 32%, with a median price of $648,000 requiring $157,200 income. Home prices declined slightly, and mortgage rates remained volatile due to geopolitical tensions. Affordability gains varied by county but overall remain low statewide.
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