California’s new governor, Gavin Newsom, has made housing one of the cornerstones of his agenda, but an academic report says that limited zoned land will make that goal hard to achieve.
While many Californians think that their state could solve the affordable housing crisis by just ramping up construction, others blame a lack of rent control, not enough funding for affordable homes and too strict environmental controls.
A new federal study demonstrates that about 400,000 young adults struggle with student debt to the extent that they cannot afford a mortgage.
In unveiling a new budget for California, the state’s newly inaugurated governor Gavin Newsom has emphasized $1.75 billion to address a severe affordable housing shortage.
Job growth and population gains in California’s mostly rural Central Valley surpassed the same measures in the state’s more populous Bay Area and Southern region, which some analysts say could be encouraging trends for the coming year.