LA Housing Crisis Deepens in Q2 | Los Angeles News

LA and Orange County’s housing markets are hitting new affordability lows, with only 17% and 15% of households respectively able to afford median home prices of $879K and $1.485M—requiring incomes of $219K and $370K annually. Across California, affordability dropped to 19%, down from a four-year high, as median prices soared to $916K and minimum incomes climbed to $228K. With soaring home costs and stubborn interest rates, homeownership remains out of reach for most families. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1f0f3cbfeba8e07e Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Los Angeles News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews