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The state had the 37th lowest permitting rate in the country, with some states (Idaho and Utah) permitting at more than double California's rate. [127] While California's permitting rate has been increasing, with the rate having increased 20% for the five years 2018–2022 compared to the previous five years, the state's rate still lags the ...
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2] [3]
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House in Salinas, California under foreclosure, following the bursting of the U.S. real estate bubble. The 30-year mortgage rates increased by more than a half a percentage point to 6.74 percent during May–June 2007, [78] affecting borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified ...
Moreover, he illustrates how the pattern of changes in home prices bears no relation to changes in construction costs, interest rates or population. [ 6 ] Shiller notes that there is a strong perception across the globe that home prices are continuously increasing, and that this kind of sentiment and paradigm may be fueling bubbles in real ...
California has an unemployment rate of 3.9% as of September 2022. [281] California's economy is dependent on trade and international related commerce accounts for about one-quarter of the state's economy, and representing 7% of their GDP; California's biggest trade partner is Mexico.
The death toll from the earthquake and resulting fire is the greatest loss of life from a natural disaster in California's history. The most widely accepted estimate for the magnitude of the earthquake is a moment magnitude (M w) or Richter magnitude (M L) of 7.8; [7] however, other values have been proposed, from 7.7 to as high as 8.25. [8]
The homeowner vacancy rate was 2.0%; the rental vacancy rate was 7.2%. 195,254 people (42.2% of the population) lived in owner-occupied housing units and 258,726 people (56.0%) lived in rental housing units. During 2009–2013, Long Beach had a median household income of $52,711, with 20.2% of the population living below the federal poverty ...