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Impossibly high home prices are ‘feudalizing’ California as unaffordable housing markets pose existential threat to middle class, study says Jason Ma June 16, 2024 at 1:47 PM
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 ...
These 13 California counties had home prices below the state median of $900,720 in June: 1. Lassen County. Median sold price of existing single-family homes: $267,500. Region: Northern California ...
Detroit took second place with a housing premium of 40.8%, followed by Cape Coral, Florida, in third place with housing premium 37.6%. Only one California city cracked the top 20 of the Beracha ...
Starting in the 1990s, the city of San Francisco and the surrounding San Francisco Bay Area have faced a serious housing shortage. The Bay Area's housing shortage is part of the broader California housing shortage. In October 2015, San Francisco had the highest rents of any major US city. [ 2] The nearby city of San Jose had the fourth highest ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
In June, the Southern California median home price fell 1.3% from May, despite the fact it usually increases between those two months. Compared with a year earlier, the median was still up 10.5% ...
Sharga is also doubtful that rates will begin to decline significantly in the near future: “It’s likely that rates on the 30-year fixed-rate mortgage will remain between 7.0 and 7.5 percent ...