Higher interest rates and insurance costs make building low-income and supportive housing more costly — especially in California, home to 28% of the U.S. homeless population.
Zillow find that million-dollar homes are proliferating — and not just in the usual high-cost metro areas like New York, San Francisco and Los Angeles.
According to real estate firm Zillow, the typical buyer pays $2,188 monthly — well above the 30% of median income guideline used to calculate housing affordability.