SAN FRANCISCO — California’s housing market is a huge drain on the state economy, but the state is also in the midst of a massive housing bubble, with the state having the second largest foreclosure rate among the states, according to a new report from RealtyTrac.
California’s realtor agency says the average price of a home in the state peaked at $1.2 million in November, but it is now up to $3.3 million.
That means that, even after the housing bubble burst, the average home value is still a bit over $1 million, which is more than 10 times the average median income in California, according the report.
California is home to some of the wealthiest counties in the country, with some of its wealthiest counties having average property values of $1,500,000, according Realty Trac.
The report, titled “California’s Housing Bubble,” is based on data from the U.S. Census Bureau and the U,S.
Department of Housing and Urban Development.
The report includes an analysis of California’s housing markets to show the size and dynamics of the real estate market, with a focus on the county with the largest number of foreclosures.
In California, the median home value in 2016 was $1-1,700,000 and the median rent was $2,850 per month.
The median household income was $48,400 and the number of households with no income increased to 5.1 million in 2016, according Datafolks.
As of the end of June, the housing market was up to 8.8 million homes, up from 7.8 million homes in January.
That is a decrease of 14% from January 2016, when the housing boom burst.
The state’s total foreclosure filings rose to 3,813,000 in the first quarter of 2017, according RealtorTrac, and the foreclosure rate rose to 2.4% from 2.3%.
The housing bubble also affected the county of Los Angeles, where the median housing value was $845,000.
It rose to $1 billion in December and to $2.5 billion in January, according Toilolo, the city’s chief financial officer.
The county’s median home price rose to a record $1 trillion in April of 2017.
“We are now at a point where the market is beginning to implode,” Toilolosaid.
“The average price and median price have already gone down from $1 to $8,000 per home.
That’s a real difference of 40% between the last year and the beginning of 2017.”
California is the largest state in the U;s South, with 2.2 billion people, and is home with the most expensive real estate.
The average price is $1MM in San Francisco, which was up from $637,000 last year.
RealtorTracs analysis shows that the median price of all the homes in the region was $947,000 on a 1.7 million-square-foot lot.
The median rent in San Diego was $3,500 per month in 2016.
The rent in Riverside County was $6,700 per month last year, and it was $4,900 per month by January, Datafolbs reported.