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The city's first ever affordable housing complex for previously homeless residents, Second Street Studios, opened in August 2019. [27] San Jose was one of few cities in America to have rent control laws, which were adopted by the city in 1979. [28] A statewide rent control bill was signed into law by governor Gavin Newsom in October 2019. [29]
The bill was expected to increase below-market housing for the lowest income households. [22] As of November 2019, officials had approved more than 6,000 homes under SB 35, including 4,700 in the Bay Area and 1,600 in Southern California. [ 23 ]
In 2017, the median price of a home in California was more than 2.5 times the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k in Los Angeles, while ...
Homes are selling below their asking prices for the first time in late spring since the onset of the COVID-19 pandemic, signaling a potential return to a buyer’s market. According to a report ...
The housing market is ending 2024 with ‘stale’ supply. There’s good news in the housing market to close out 2024: There’s a lot more supply on the housing market. But much of it is sitting ...
Trump’s administration has promised to slash mortgage rates and home prices by instituting mass deportations of undocumented immigrants and easing federal regulations around building and land use.
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