Zillow CEO Spencer Rascoff discusses how the real estate market has changed since the housing crash and the different economic factors affecting homebuyers and renters today.
Although Rascoff sees current national conditions as steady and “boring” — in a good way — California’s varying markets tell a different story. Major urban centers in particular, such as the Bay Area, struggle with unsustainable home prices and rental rates, and California buyers and renters alike struggle to meet the rising costs of living in the Golden State.
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Still cheaper to buy than rent in California — for now
Current market rates
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