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Less than 18% of all Californians earned enough income to support the purchase of an $865,440 median-priced home in 2024, down from 19% the previous year, the California Association of Realtors announced Thursday.
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The barracks site, near San Diego International Airport, is intended to have 190 spaces for people using the program.
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The median sale price of an existing, single-family home in the county was unchanged last month.
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Supporters of the ban say landlords are sharing sensitive information with would-be competitors to inflate the overall rental housing market.
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One reason for the seemingly endless upward trajectory of rents is how expensive it is to build new apartments in California. Those costs are a major contributor to “break-even rents,” or what must be charged for a project to be financially feasible.
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Overwhelmingly Californians rate the intertwined issues of housing supply, living costs and homelessness as the state’s most pressing issues, as a recent poll by the Public Policy Institute of California confirms.
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California law says cities have to build more housing or face consequences. But the city of Encinitas is planning to push back after having to approve a development against the council and communities wishes.
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The 78-unit apartment complex next to St. Luke's Episcopal Church will be reserved for low-income individuals and families.
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The district’s goal is to provide affordable housing opportunities for 10% of its staff by 2035.
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The district estimates more than 1,500 affordable units could be constructed — nearly double the combined 887 units built since 2002 for educators across the state of California.
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