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First-time buyers struggle as California home prices soar
Patricia and Ricar do Cavillo cannot afford a home in Orange County where a $200,000 mortgage is dwarfed by $500,000 plus median prices. They rent at $925, face bidding wars, and watch buyers with high incomes and cash offers win. Experts warn of a growing gap between renting and homeowner classes across California cities.
MENTIONED IN THIS ARTICLE
Los Angeles
California
Patricia
Ricardo Cavillo
Cavillos
Orange County
Ricardo
Patricia Cavillo
John Landis
Department of City and Regional Planning
University of California, Berkeley
California Association of Realtors
Association
National Association of Realtors
John Carpenter
Thousand Oaks
Carpenter
San Francisco
San Diego
Honolulu
Riverside
San Bernardino
Orange
Los Angeles County
Santa Monica
Mary Becker
Becker
Hollywood
Ingrid Auyon
Anyon
Marshall Friedman
America One Finance
Agoura Hills
Kimberly
Angie
Pablo
Fullerton
Calif