California starter-home affordability nears 4-year high

What is the difference between a California house hunter’s chances to qualify for an entry-level home in 2025 vs. 2023? **Answer:** The difference is that in 2025, the entry-level home price is projected to be $839,000, requiring an income of $164,000 to qualify. In 2023, the price was $739,000, requiring an income of $144,000. This means the income needed to qualify is **$20,000 higher** in 2025 compared to 2023.