Modern Broker is proud to host Tia Boatman Patterson, Executive Director of CalHFA in Visalia and Fresno tomorrow to speak about new down payment assistance programs for buyers. More details about tomorrow’s event are available here: Fresno Event | Visalia Event. The event is free to attend and open to anyone who is interested.
The topic of down payment assistance is especially relevant in most of the California Real Estate market where affordability is a challenge for many buyers as prices have gone up recently.
If you like charts, I thought these slides from Leslie Appleton Young’s 2015 forecast highlighted the affordability problem well. You can see her whole forecast presentation on the CAR site here. The changes in affordability from just the last couple of years are very striking. The chart below shows how affordability has changed in the Central Valley