{"id":191610,"date":"2026-02-24T16:52:09","date_gmt":"2026-02-24T16:52:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/191610\/"},"modified":"2026-02-24T16:52:09","modified_gmt":"2026-02-24T16:52:09","slug":"l-a-and-long-beach-among-worlds-least-affordable-cities-for-homebuyers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/191610\/","title":{"rendered":"L.A. and Long Beach Among World\u2019s Least Affordable Cities for Homebuyers"},"content":{"rendered":"<p>Los Angeles and Long Beach rank among the world\u2019s least affordable cities for homebuyers, , according to a recent <a href=\"https:\/\/www.latimes.com\/business\/story\/2026-02-10\/la-long-beach-among-least-affordable-cities-for-homebuyers\" rel=\"nofollow noopener\" target=\"_blank\">Los Angeles Times<\/a> analysis, with a single buyer earning the local average salary able to afford only 28% of a typical home\u2019s price. Limited housing construction, strong job markets, and the region\u2019s amenities have driven prices to historic highs, surpassing cities like New York, Paris, and Singapore. California homes are roughly twice as expensive as the typical midtier U.S. home, with an average price of $755,000 as of December.<\/p>\n<p><a href=\"https:\/\/luskin.ucla.edu\/person\/michael-lens\" rel=\"nofollow noopener\" target=\"_blank\">Michael Lens,<\/a> professor of urban planning and public policy at UCLA, said the \u201cwriting has certainly been on the wall\u201d for California\u2019s housing market to be considered the most expensive in the world.<\/p>\n<p>California\u2019s draws include its \u201cunparalleled amenities\u201d and strong job market, Lens said. But \u201cwe make it very challenging to build enough homes to satiate the demand. That combination of low supply and relatively high affluence for some parts of our country make the baseline of an entry-level home very expensive.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Los Angeles and Long Beach rank among the world\u2019s least affordable cities for homebuyers, , according to a&hellip;\n","protected":false},"author":2,"featured_media":191611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[131,133,132],"class_list":{"0":"post-191610","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-long-beach","8":"tag-long-beach","9":"tag-long-beach-headlines","10":"tag-long-beach-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/191610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=191610"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/191610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/191611"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=191610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=191610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=191610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}