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Since about 1970, California has been experiencing an extended and increasing housing shortage, [1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [2]: 1 [3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [4 ...
The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs. Now, with mortgage interest rates on the rise ...
The Costa–Hawkins Rental Housing Act ("Costa–Hawkins") is a California state law enacted in 1995, placing limits on municipal rent control ordinances. Costa–Hawkins preempts the field in two major ways. [1] First, it prohibits cities from establishing rent control over certain kinds of residential units, such as single-family dwellings ...
Southern California home prices rose nearly 8% in June from a year earlier, marking the fourth straight month values hit an all-time high.. The average home price in the six-county region now ...
As of 2021 California had only 24 homes that were considered affordable and available for each 100 of the lowest income renter households, putting the housing shortage in California for this category of renters at about one million homes. [19] In the 2022 book Homelessness is a Housing Problem, the authors studied per capita homelessness rates ...
Southern California home prices were unchanged in August from a month earlier as rising mortgage rates made houses even less affordable. Southern California's housing slowdown shows in August home ...
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