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Impossibly high home prices are ‘feudalizing’ California as unaffordable housing markets pose existential threat to middle class, study says. Jason Ma. June 16, 2024 at 1:47 PM. Getty Images.
As reported earlier this year by the Wall Street Journal, fewer than 500 homes have been built since a 2021 law, SB 9, was passed allowing owners to split their single family home lots in two, and ...
California’s active listings hit 61,000 in September, marking a five-year high and a dramatic 41% increase from the previous year, according to data from Realtor.com cited by Nick Gerli, CEO of ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
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 in one California city are being sold for 32% more than they’re worth, according to a new study. ... Average home value: $466,035. Expected home price: $353,206. Average housing premium ...