San Joaquin Housing Affordability Falls

On Thursday, February 20, 2014 the Stockton Record Newspaper reported that housing affordability dropped in San Joaquin County in the first part of 2014. According to the article, the average monthly house payment was up 38%.  The article quotes Darn Blomquist, Vice President of RealtyTrac. He said: “The takeaway for someone in San Joaquin County is homes are becoming less affordable very quickly, but they are still more affordable than in other parts of the country.” Investors and other cash buyers are helping to drive up home prices.