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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 ...
Southern California's median home sale price dropped to $750,000 in June, another sign that the ultra-competitive market is slowing down.
Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.
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A 2011 study projected that the frequency and magnitude of both maximum and minimum temperatures would increase significantly as a result of global warming. [13] According to the Fifth National Climate Assessment published in 2023, coastal states including California, Florida, Louisiana, and Texas are experiencing "more significant storms and extreme swings in precipitation".
The median sale price of a single-family home in California in June was down 4% over the previous month. Home prices are dropping throughout California. This Sacramento-area county is an exception
Other countries experience this effect as well; in a portion of Alaska and Canada, the relative sea level is falling by up to 2.0 cm (0.8 in) a year. In Norway, Sweden and Finland, an effect called Fennoscandian land elevation causes the relative sea level to fall by up to 0.7 cm (0.3 in) a year. [5] [6]
Some metros have posted home price declines of more than 10% from their 2022 peaks.