Bubble watch: California home prices 10%-14% too high

California values in spring 2020 were seen by Fitch as “sustainable” and less than 5% overvalued. A 20% price surge in a year is a key reason for the elevated risk warning. While a desire for more living space is pushing some housing demand in the pandemic era, the Federal Reserve’s meddling in bond markets — maintaining historically cheap mortgages below 3% despite rising inflation — is heavily distorting asset values like housing. California’s overpriced homes are by no means a rarity.

The Sun • October 25, 2021

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State hopes loan program will help build more affordable housing in Arizona

The demand for workers and low-income housing has risen dramatically as more people move to Arizona. Housing and rental prices have skyrocketed leaving many people unable to afford where they once lived. A single unit can cost $150,000 to build. Supply and worker shortages, zoning fights with cities and towns all contribute to the final price.

ABC 15 Arizona • October 20, 2021

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‘It’s the opportunity for us to own a home’: Affordable housing project in the works in SW Las Vegas

Affordable housing continues to be a crisis in Southern Nevada, with the average home price sitting above $400,000. Amid the rising costs, a new project in the works hopes to make the dream of homeownership a reality for low-income families.

8 News Las Vegas • October 2, 2021

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