Chris Mapes, from Iowa, signs a condolence book for former President Jimmy Carter in the lobby of the Richard Nixon Library & Museum in Yorba Linda, CA, on Monday, Dec. 30, 2024. (Photo by Jeff Gritchen, Orange County Register/SCNG)The article analyzes the impact of presidential terms on California's housing market, focusing on the period between 1977 and 1980 under President Jimmy Carter.
It highlights that despite high inflation and mortgage rates during Carter's presidency, home prices saw substantial growth due to a strong economy with job creation and increased incomes. The article compares this performance with subsequent presidential terms, ranking them based on California price changes. It examines the influence of factors such as lending practices, economic policies, and interest rates on the housing market during each presidency