State's 'Progressive' Policies Blamed for Housing Market Crisis: Report

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California's home prices have soared since the pandemic.

Housing policies in California have contributed to making homes unaffordable in the state, stifling the ability of young people in the state, minorities and immigrants from moving up the income ladder, a report claims.

'Read more: Current Mortgage RatesNewsweek contacted Kotkin via his website for comment on Monday on what specific policies have struggled to help with affordability in California.Kotkin wrote in the past that the state's focus on what he describes as 'densification' has struggled to improve the supply of homes, which would be key to helping with affordability.

 

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