It’s no secret that housing prices are at historical highs these days and that begs the question, Can people still afford to buy homes? The answer is absolutely YES! On June 1st, Reports on Housing published data, tracking several Southern California
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.
The core of the COVID lockdown was from March of 2020 through March of 2021. During this same period of time, home prices in San Diego rose over 19% and nationally over 13%, according to the San Diego Union-Tribune. Orange County, Los Angeles, the Inland Empire, etc. have all experienced similar home value growth.