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.”
About author
You might also like
Where Are Residents in Los Angeles and Orange Counties Buying Homes?
In the last blog on recent trends in homebuyer mobility we found that high housing prices in two Northern California counties (San Francisco and Alameda) had been a principal cause
Prices and Sales Volume Up in Southern California
Year-over-year prices were up 6.2% in April to a median of $429,000 in Southern California. Sales volume climbed 8.5%. At the current pace, there is 3.6 months of inventory in
Residential Investment to Increase in 2015?
One of the most lucid commentators on housing market economics, Calculated Risk’s Bill McBride, see an increase in residential investment for 2014. As the charts in this blog post make