Middle-class Workers in California are Struggling to Find Homes They Can Afford

The Pasadena Star-News

By Kevin Smith –

Oscar Sol has spent the past five months searching for a home he can afford to buy. But so far, he has struck out. “I’m looking for a condo or town home, something in the price range of $300,000 to $350,000,” the 37-year-old North Hollywood resident said. “Homes are too expensive here so now I’m looking in Santa Clarita.”

Read More

Previous 401-acre Newport Beach Banning Ranch development project rejected
Next Beazer Posts Loss For 1st Fiscal Quarter

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

Hand-Wringing Over Rising Rates

By John McManus Are rising interest rates eroding demand momentum? It’s really tough to do the math, because cause-and-effect doesn’t come purely into play, and even correlations are hard to

Housing Market

Conforming Loan Limits Continue to Impede Housing Recovery

The availability, or lack thereof, of mortgage financing has been one of the biggest factors impacting the pace of the housing market recovery. Loan limits on federally-backed mortgages have not

Housing Market 0 Comments

Stage Set for a Strong Second Half of 2014?

In this article from Zacks, many of the factors affecting the housing market outlook for the remainder of the year are examined along with how some of the various public