05/29/2026
When only about 23% of California households can qualify for a mid-tier home, it explains why sales are still so slow.
California home prices have mostly flattened since mid-2022, but affordability hasn’t improved much because borrowing costs are still so high. The LAO notes that a typical two-bedroom home payment was about $4,440 in March 2026, compared with about $2,700 to rent a similar place. That gap helps ex...