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Only 17% of California residents can afford a median-priced home, highlighting the state's housing affordability crisis.
Only 17% of California residents could afford to buy a median-priced family home in the first quarter of 2025, according to the California Association of Realtors.
This figure is down 1.8% from the previous quarter but up 4.6% from the first quarter of 2024.
In San Diego, a $1.03 million home required a minimum income of $266,800, while in Los Angeles, an $862,570 home needed $222,000 annually.
Nationwide, affordability remained steady year-over-year, with minimum incomes required being less than half of those in California.
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Solo el 17% de los residentes de California pueden permitirse una casa de precio medio, lo que pone de relieve la crisis de asequibilidad de vivienda del estado.