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Across California and the nation, developers moved to start fewer homes in 2023, a decline some experts say could eventually send home prices and rents even higher as supply shortages worsen.
The California Legislative Analyst's Office 2015 report "California's High Housing Costs – Causes and Consequences" estimates that for the state to have kept housing prices no more than 80% higher than the median for the U.S. as a whole (the price differential which existed in 1980, as opposed to the >150% differential which exists today ...
The Southern California housing market downshifted last month. The average home price in the six-county region fell 0.2% from November to $867,042 in December, according to Zillow, marking the ...
December 16, 2024 at 6:00 AM. Photo Illustration by Jim Cooke. The Southern California housing market is downshifting. ... Prices are now 1.3% off their all-time high in July, but some economists ...
"If California had added 210,000 new housing units each year over the past three decades (as opposed to 120,000), [enough to keep California's housing prices no more than 80% higher than the median for the U.S. as a whole--the price differential which existed in 1980] population would be much greater than it is today.
Traditional wisdom states that the real estate market needs 5 to 6 months of housing supply to be balanced, or not leaning toward either a buyer’s market or seller’s market. NAR existing-home ...
California’s most expensive home prices can be found in the Bay Area, where housing costs can top $2 million, according to the California Association of Realtors. Housing costs in Southern ...
The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’ real estate executive says Sydney Lake October 9, 2023 at 7:36 PM