HOUSING AFFORDABILITY

Chart 33  

What does this mean?
In part due to rising foreclosure rates and tightening financial markets, home prices have fallen; thereby, improving home affordability for first-time home buyers.

 

 

     
Chart 34  

What does this mean?
Rental Affordability has remained steady. While the county’s average rent increased slightly by 1.4 percent in 2009, since 2002, the average rent in Solano County has declined 6 percent.