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The Southern California housing market is downshifting. The average home price in the six-county region fell 0.3% from October to $869,288 in November, according to Zillow, marking the fourth ...
Several high-end listings showed jumps this week; one home in Santa Monica promising "a private balcony overlooking the ocean", which had been listed back in September, suddenly jumped from ...
Sales of both new and existing houses and condominiums in Southern California dropped 11.8 percent year-over-year, as prices shot up to a record high, according to CoreLogic.
[30]: 1 [24]: 1 [31]: 1 (For California as a whole, from 2011 to 2016, the state added only one new housing unit for every five new residents.) [15]: 1 This has driven home prices and rents to high levels, such that by 2017, the median price of a home across California was more than 2.5 times the median in the U.S. as a whole, and in California ...
The housing is owned by California Department of Housing and Community Development, which uses state dollars to subsidize rents. Most farmworker families pay less than $400 per month to live in ...
Experts do not expect a housing market crash, due to low inventory, strict lending standards and other factors. To the dismay of would-be homebuyers, property prices just keep rising.
The data from the California Department of Finance show statewide housing production in 2022 increased 0.85%, the highest figure since 2008. That growth could eventually help combat the high cost ...
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% ...