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flag California housing affordability improved slightly in 2025, though gaps persist by race.

flag California housing affordability improved slightly in 2025, with 19% of households able to afford a median-priced home, up from 18% the previous year. flag However, affordability remains low and varies significantly by race; Asian and white households are most likely to afford homes, while Black and Hispanic households face the lowest rates. flag State leaders project these gaps will persist despite potential mortgage rate declines due to ongoing price increases.

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