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housing affordability

California Housing Affordability Hits World’s Worst Cities

California’s major cities were named among the hardest places in the world to buy a home, based on a comparison of home prices and...

California Residents Face $2.56 Million in Lifetime Debt Burden

California residents are facing one of the heaviest lifetime debt burdens in the United States, with total repayments averaging $2.56 million per person, according...

California Home Affordability Rises as 17% Can Buy Homes

California home affordability improved slightly in the third quarter, with 17% of households able to buy a median-priced single-family home, according to the California...

First-Time Homebuyers Drop to Record Low of 21%, Median Age 40

The share of first-time homebuyers in the U.S. housing market has fallen to its lowest level on record, underscoring the growing financial barriers to...

LA Ranks 4th Most ‘House Poor’ as Residents Spend One-Third of Income on Housing

Living in Los Angeles now means devoting nearly a third of household income to housing — one of the highest cost burdens in the...

Sibling Home Buying Jumps 5X as Housing Costs Rise

Faced with rising home prices and high mortgage rates, more siblings are buying homes together to split costs and qualify for loans—especially among younger...

LA Home Costs Exceed Income, Ranks Worst in US

Los Angeles has been ranked the least affordable metro area for homeownership in the United States, with housing costs surpassing median household income, according...

LA Condo Buyers Now Need $162K Annual Income to Afford Mortgage

Even in Los Angeles, where condos are typically seen as a more affordable housing option, recent data shows that middle-class buyers now struggle to...

Parent Support for Home Buying Requires Strategy and Caution, Experts say

With homeownership becoming increasingly out of reach for first-time buyers, more parents are stepping in to help their children secure a home. But experts...

Housing Affordability Hits Record Low as Costs Surge

The housing affordability crisis in the U.S. has reached its worst level in recent history, driven by steep increases in home prices and mortgage...

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