Posted inLocal Issues

On The Housing Crisis: Investment Firms Stopped Gobbling Up California Real Estate—but the Number of Owner-Occupied Homes Is Plummeting

Astronomical prices are forcing a rising share of California families to postpone buying a house. As a result, the state’s record-low homeownership rate has been a boon to one growing segment of California’s housing market: single-family home rentals. Between 2005 and 2015, the number of owner-occupied homes in California shrunk by nearly 64,000 units, according […]