In California's high-cost metros like San Francisco, Riverside, and LA, buying a home is a significant challenge, particularly amid the current high mortgage rates.
San Jose tops the list with more than 70% of homes valued at over $1 million, marking a 5% increase from 2022.
Southern California cities are seeing a rapid increase in million-dollar homes, with Los Angeles and San Diego experiencing substantial growth in this category.
California cities must address the challenges of home affordability as the trend of million-dollar homes continues to rise at an unprecedented rate.
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