Some markets have recovered very well from the recession, with over 95% of home values in seven of the 35 largest markets exceeding the pre-recession peak in 2006. And in 21 of those 35, the median home value has reached this point. The housing boom and bust didn’t affect every market equally, though, and nor […]
Housing costs are so high in Los Angeles that nearly half of households are spending over 30% of their income just to keep their homes, even cutting into income that should be available for other basic needs such as food and healthcare. While the poverty rate in LA county is at 16%, United Ways of […]
In May, Los Angeles County set into motion a plan drafted in August of last year that would hopefully be the solution to multiple problems at once. The ordinance seeks to create new housing for the homeless through the development of accessory dwelling units, or ADUs. Nonpermitted ADUs have been quite common, and recent changes […]