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[15]: 1 [16] In 2023, housing affordability in California reached a 16-year low, with only about 16% of homebuyers able to purchase a median-priced single-family home, as per data from the California Association of Realtors. In San Mateo and Santa Clara counties, buyers would require a minimum income of $504,400 and $451,200, respectively, to ...
In California housing costs are exceptionally high and the supply of affordable housing is low. California ranks 49th among U.S. states in housing units per capita. [19] As of 2021 California had only 24 available homes that were considered affordable for every 100 lowest-income renter households. This creates a deficit of about one million ...
In a 2022 book titled “Homelessness is a Housing Problem,” Clayton Page Aldern (a policy analyst and data scientist in Seattle) and Gregg Colburn (an assistant professor of real estate at the University of Washington’s College of Built Environments) studied per capita homelessness rates across the country along with what possible factors ...
Data: America’s toughest housing markets swung toward Trump. Jasmine Cui. Updated November 10, 2024 at 5:23 PM. Irvine, Calif., in central Orange County, which is one of the 15 most difficult U ...
The California Social Housing Act is a proposed California bill to establish an independent statewide housing authority, known as the California Housing Authority, to acquire land for, develop, own and maintain public housing. The bill is authored by Alex Lee and was first introduced to the 2021–2022 session of the California State Legislature.
Sales of existing homes last year hit the lowest level since 1995, according to data from the National Association of REALTORS. Yep, the annual pace of U.S. existing home sales hasn’t been this ...
The Regional Housing Needs Assessment (RHNA) is the California state-mandated process within the housing element of its General Plan, to determine how much housing must be planned for each jurisdiction (city or unincorporated county) according to Housing Element Law to meet 'projected and existing' housing needs at a variety of affordability levels.
The Affordable Housing and High Road Jobs Act of 2022 (AB 2011) is a California statute which allows for a CEQA-exempt, ministerial, by-right approval for affordable housing on commercially zoned lands, and also allows such approvals for mixed-income housing along commercial corridors, provided that such housing projects satisfy specific criteria of affordability, labor, and environment and ...