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California Housing Affordability Tracker (January 2024) January 24, 2024

Over the last few years, we have seen a rapid increase in California housing costs, led by the dramatic increase in the costs of purchasing a home. Monthly costs for a newly purchased home are about $2,500 higher than they were just a few years ago. Annual income needed to qualify for a typical home is over $220,000—roughly 2.5 times higher than median household income (about $85,000). Further, the annual income needed to qualify for a more affordable "bottom-tier" home is 60 percent higher than the median income. 


California's Cooling Housing Market August 30, 2022

California's housing market boomed during much of the pandemic, but it started to cool this spring. Over the last few months, sales prices and sales activity have declined notably. 


Home Price Update: October 2021 November 18, 2021

California home price growth slowed sharply in October, but is still up 21 percent over the past 12 months.


Home Prices Update: September 2021 October 20, 2021

Californa home prices grew by 1.37 percent in September, the lowest figure since March but still high by historical standards.


Home Prices Update: August 2021 September 23, 2021

California home prices are up 21.7 percent over 12 months, although the rate of growth slowed in August.


Home Prices Update: July 2021 August 25, 2021

California home prices continued to soar in July and are now up 21.2 percent over the past 12 months.


Home Prices Update: June 2021 July 28, 2021

The California home price surge continues to accelerate: up 2.8 percent in June and 18.7 percent over 12 months.


Net Taxpayer Outmigration Increased During 2017-2019 July 6, 2021

New IRS data show that the state had higher net losses of income tax filers during 2017-2019 than the prior five years. 


Home Prices Update: May 2021 June 24, 2021

The home price surge heated up even further in May. California home prices are up 15.4 percent since last May, national prices 13.2 percent.


Home Prices Update: April 2021 May 20, 2021

California home prices continue to soar, and are now up 12.5 percent over the past 12 months.


Home Prices Update: March 2021 April 28, 2021

California home prices continue to surge, and are now up more than 11 percent over the past 12 months. 


Home Prices Update: February 2021 April 5, 2021

California home prices keep rising, and are now up nearly 11 percent over the past 12 months.


Home Prices Update: January 2021 February 23, 2021

California home prices continue to soar, and are now more than 10 percent above the level of 12 months ago.


Home Prices Update: December 2020 February 1, 2021

California home price growth continues to outpace national growth, and is now up nearly 10 percent over the past 12 months.


Home Prices Update: November 2020 December 22, 2020

California home prices continue to surge, and are now up an average of 9% over last November.