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Construction of buildings with five units or more was up nearly 29% in April from last year.
In a balanced housing market, households making about $100,000 a year should be able to afford 60% of homes. Today, they find less than 40% within reach.
Big cities are cauldrons for innovation — and the pay’s better.
Affordability is still the main issue. But uncertainty in the economy is also playing a big role.
For many sellers, the need to move is more important than keeping a low-interest mortgage.
The average age of a homebuyer is also going up.
With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.
Claire Contreras, an elementary school teacher, reflects on the challenges of trying to find long-term places to stay after losing her home.
“Twin challenges” arise as Los Angeles continues to face massive wildfire destruction in a tight housing market.
There are more than 20 million households with at least two empty bedrooms, no kids, owned and occupied for more than a decade by people over 55.