It’s clear that owning a home is becoming unaffordable for many Californians — but there’s no single simple explanation for what’s driving up prices.
There’s the housing shortage — but there’s also some more confusing market forces at play.
Matt Levin is a data reporter with CALMatters. In a recent two part series, he dug into the data behind two possible influences on the market: so-called institutional investors — or owners with at least ten properties — and buyers who live in other countries.
KALW’s housing reporter Liza Veale spoke to him to find out how big these factors are in our housing crisis.