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Commentary: Solving state's housing crisis demands action

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“The housing crisis gripping the Golden State threatens to permanently stymie economic growth and demands bold and innovative solutions,” C.A.R. President Jared Martin wrote in an opinion piece in CALmatters.

California’s 4.2 percent unemployment rate is at a 10-year low. Wages are accelerating at their fastest pace in nearly a decade. But prospective home buyers continue to see sticker shock, with median prices still hovering in the $530,000 range.

The affordability problem must be addressed and fast if California is to remain a place where middle class people can live.

Gov. Newsom’s call to action is bearing fruit. Lawmakers have advanced bills designed to put a significant dent into the housing crisis. 

Read the full commentary.


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