California Housing Affordability at 10-Year Low
Builder Online
Press Release
California’s housing affordability hit a 10-year low as tight housing inventory drove home prices higher and reduced purchasing power for home buyers in the third quarter, primarily in previously more affordable regions such as the Inland Empire and Central Valley, the CALIFORNIA ASSOCIATION OF REALTORS® reported Thursday.
About author
You might also like
Affordable Housing Is Now a Middle-Class Crisis in California
By Christopher Thornberg – California has a housing crisis. This probably doesn’t sound like news given the recent publicity about disputes over homelessness, rapidly rising rents, and gentrification—and the flurry
Home Prices Hit Peak Levels In Majority of Metro Areas, Fourth Quarter Data Show
By Troy McMullen The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
