3 obstacles pushing California toward majority renter status

  • Over-regulation, the high cost of living, slow new construction and the lack of affordable housing available for sale are all stifling the growth of homeownership in California.

“In a few years, California will be a majority renter state,” predicted California Association of Realtors Chief Economist Leslie Appleton-Young during the association’s “The California Series: State of the State” panel this week.