California’s most ambitious housing law is taking full effect on July 1 — it could create a million new apartments and condominiums
Starting July 1, Senate Bill 79 requires cities in eligible California regions to allow denser residential development near major transit stops, unlocking zoning capacity for over a million homes. The law applies to several large urban counties and aims to boost housing supply, support transit ridership, and reduce emissions by overriding certain local zoning restrictions…
California dominates the priciest U.S. cities for homeowners — here’s what you need to earn
California dominates US housing costs, with nine of the ten priciest metros, led by San Jose where monthly home payments average $11,690, requiring an annual income of $501,012—over 200% above the median income. San Francisco and Los Angeles also rank high, needing $358,090 and $301,221 annually. Despite slight income requirement declines, housing affordability remains out…
75% of US Listings Strain Budgets
75% of US homes for sale are considered unaffordable for avg. households, making budget clarity essential before touring homes or making offers. A median-priced home near $435K requires ~$113K in annual income, while median US household income sits near $80K, highlighting the affordability gap for buyers. Higher mortgage rates, inflation pressure, construction delays, labor shortages,…