The Unaffordable Golden State: Only 1/3 Californians can afford a home. How a minor jump in interest rates and a big rise in prices has thrown off affordability. Price reductions at highest level in 3 years.

By drhousingbubble The housing market is definitely softening. Sales are slowing down, price reductions are increasing, and affordability has decreased dramatically because of spiking interest rates. The problem with relying with artificial stimulus is that the market becomes conditioned to easy money. A recent survey found that only 1 out of 3 Californians had the means to […]

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