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Tona Petersen, who was displaced from Paradise due to the Camp Fire, poses for a portrait at the Comanche Creek Greenway on May 4, 2021, in Chico, Calif. The Comanche Creek Greenway is the site of an unhoused community where Chico residents are currently safe from sweeps by local police. Photo: Salgu Wissmath for The InterceptTona Petersen, who was displaced from Paradise due to the Camp Fire, poses for a portrait at the Comanche Creek Greenway on May 4, 2021, in Chico, Calif. The Comanche Creek Greenway is the site of an unhoused community where Chico residents are currently safe from sweeps by local police. Photo: Salgu Wissmath for The Intercept
Housing Affordability Falls Across Southern California
LOS ANGELES Housing has gotten less affordable in all Southern California counties, compared to a year ago, a real estate group said May 11.
Statewide housing affordability reached its lowest level since mid-2018, as higher prices fueled by a shortage of homes for sale pushed the state’s median home price more than 22 percent higher on a year-over-year basis, according to the California Association of Realtors (CAR).
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in the first quarter of 2021 dropped to 27 percent from 35 percent in the first quarter of 2020, the organization said.