Tag: California home affordability
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California housing divide: Buyers need $228k, owners sit on $627k in equity, and wildfire-weary residents are leaving some rural counties
Buying a home is a big challenge for many households in California, while homeowners enjoy huge gains in equity in recent years. Three rural counties are losing several hundred residents each because of wildfires.
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Big idea, no tax hike: California’s bold $25 billion plan to unlock middle-class homeownership
Fewer than one of five households can afford to buy a home in California. A bond measure could open the door for hardworking residents.
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LA City Council cuts maximum increases for rent-stabilized apartments for first time in 40 years
Also, affordability improved slightly in the third quarter, a buyer-seller stalemate has dropped sales to a 30-year low and fewer homeowners are considered “equity rich.”
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Three reports, one conclusion: Few can buy a home, but a dip in rates give some hope
Few households could afford to buy the median-priced home during the second quarter in California, but lower mortgage rates may help.
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California dream of homeownership comes at a hefty price in Q1
How much does the average homebuyer need to earn in California? A lot, even with a 20% down payment, according to a new report.
