Nothing significant changed regarding the cost of buying a home in California between 2023 and 2024, unless you consider a one percent change in the number of people who can afford a home signifiant.
For a little than more than four-fifths of the state’s population, buying a home remains an elusive dream, something they can aspire to but may never achieve, a recent study has found.
Only 18 percent of Californians last year could afford the $865,440 statewide median price of a detached single-family home, down from 19 percent in 2024, according to the California Association of Realtors’ 2024 Housing Affordability By Ethnicity study…