Underbuilding persists—shortage of 3–4M housing units since 2018.
Coastal markets remain inflated; only ~16% of Californians can afford median home
California 2025: Statewide Shortage Caps Price Declines
Underbuilding persists—shortage of 3–4M housing units since 2018.
Coastal markets remain inflated; only ~16% of Californians can afford median home
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