Report Finds Homeownership in California Lowest Since 1940s
While San Francisco is often portrayed as the epicenter of housing unaffordability on the West Coast, the issue is truly pervasive to California as a whole. A draft report from the state’s Department of Housing and Community Development found that a dramatic housing shortage is pushing up prices, increasing sprawl, and lowering the quality of life for residents.
About author
You might also like
U.S. Home Construction Reaches Strongest Pace in a Year, But Falls in the West
Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses.
5 Risks to the Housing Market Recovery
While most prognosticators are predicting improved housing market conditions in 2015, there are still some risk factors which could derail the recovery. In the following article, five potential obstacles to
Mortgage Standards Set to Loosen
In what could potentially be a major catalyst for the housing market, new guidelines – meant to provide greater clarity as to when Fannie Mae and Freddie Mac can force