California Housing Affordability Expected to Remain Flat at 17 Percent: Report  

California Housing Affordability Expected to Remain Flat at 17 Percent: Report  
Housing units in Huntington Beach, Calif., on March 17, 2023. John Fredricks/The Epoch Times
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Housing prices are anticipated to rise in 2024 and interest rates recede slightly, though affordability will remain out of reach for more than 80 percent of Californians, according to a newly released report from the California Association of Realtors.

The number of homes sold annually is expected to increase nearly 23 percent to approximately 327,000, though remaining below historical averages of more than 400,000, according to the report.

Travis Gillmore
Travis Gillmore
Author
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
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