Housing down but not out

Home sales are slowing down in this area. I wonder if the fact that the average price of a home is $410,000 has anything to do with that? The PE.com article doesn't say what percentage of people can afford a home based on their income, but it's got to be a low number. Seven years ago, new homes in Temecula were still available for $160,000. Now you are lucky to find one under $500,000. There's not much land left and the prices are so high and jobs so far away that fewer and fewer people are willing to move out here. Get some local jobs and better freeways and roads and that may change.