Los Angeles Takes Top Spot as Nation's Least Affordable Housing Market

San Francisco, which has been the nation's least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

In all, 63.2 percent of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $75,500. This is virtually unchanged from the 63.6 percent of homes sold that were affordable to median-income earners in the third quarter.