Housing has become much more affordable to many more California households, according to a report released Wednesday by the California Association of Realtors.

Finding a positive spin to the state’s real estate meltdown — perhaps like reminding Titanic passengers of the health benefits of swimming — the CAR report said that 59% of California households could afford to buy an entry-level home in the state during the fourth quarter of 2008, compared to 33% a year earlier.

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