s Housing A Human Right? Only 16% Can Afford To Buy A House In California | The Left Wing 17.5
Independent Thought
English - November 07, 2023 23:20 - 19 minutes - 17.6 MBPolitics News Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Buying a home in California slipped further out of reach as interest rates climbed and scarce inventory bolstered prices.
Only 16% of households could qualify to purchase a median-priced single-family home in the second quarter, the California Association of Realtors reported Friday. That’s down from 19% in the first quarter and 17% a year earlier.
The state faces an affordability crisis that threatens to hamper growth in the economy and population. People and companies have left California, or chosen not to move there, because housing is so much more expensive than in most of the US.
Related article: https://fortune.com/2023/08/11/california-home-prices-real-estate-affordability/
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