The Cities in California Hit Hardest by the Housing Affordability Crisis

Since the start of the COVID-19 pandemic, supply and demand dynamics have sent home prices surging by nearly 38%. Coupled with high mortgage rates, homeownership is now prohibitively expensive for many.

It would take an annual income of over $100,000 to comfortably afford a typical home in the United States, while most American workers are earning less than half that amount.

Read at 24/7 Wall St.