My clients were featured in a Spectrum News segment on housing (un)affordability in California. Watch the video!
Biden expected to address housing crisis in State of the Union speech
By Anna Albaryan | Van Nuys
LOS ANGELES — The U.S. job market is easing and inflation appears to be cooling, but one sector of the economy is still leaving Americans cost-burdened: housing.
Nearly half of U.S. renters are spending one-third of their income on rent, according to a new study out of Harvard University’s Joint Center for Housing Studies.
In California, the average value of home is eight times higher than the median household income for residents.
Originally published at Spectrum News 1 SoCal https://spectrumnews1.com/ca/la-west/housing/2024/03/07/biden-sotu-housing-crisis-potus