Page 19 - தேசிய வளங்கள் பாதுகாப்பு சபை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Low housing supply Never has it cost so much to buy a house in California. The median price for a single-family home shot up to a staggering $758,990 in March a nearly 6% increase from the previous record of $717,930 set in December and a whopping 24% increase from March 2020, according to figures released Friday by the state Department of Finance. It’s at least the sixth time the Golden State’s housing market has broken its own record amid the pandemic it did so five times in 2020 alone, cracking the $700,000 median price mark for the first time in August. Meanwhile, housing production has strayed farther and farther from Gov. Gavin Newsom’s campaign goal of building 500,000 units annually as the state’s homeless population swells to record levels. California approved permits for 102,800 new housing units in 2020 an 8.8% decrease from 2019, itself a 3.8% decrease from 2018. Lawmakers are currently considering a raft of bills to increase affordable housing producti

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