10/24/2019

The Causes of California’s Housing Crisis

The homeownership rate in California equaled the national rate from 1950 well into the 1960s. Yet, by 2005, California’s homeownership rate was 13.3 percent below the national average and the 49th lowest in the nation. In the second quarter of 2018, the homeownership rate in California was 54.3 percent, the third lowest in the nation, and 10 percent below the national average of 64.3 percent.

Yet, 86 percent of California families want to live in a single-family home, according to a 2006 poll.

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