Why California’s housing market remains unaffordable for many Americans

A chronic housing shortage is pushing California home prices beyond the reach of many middle-income workers, leaving the state among the least affordable housing markets in the country. The state's regulatory environment is also exacerbating issues, according to an industry economist. 

Realtor.com senior economic research analyst Hannah Jones told FOX Business that the state's challenges, in part, "stem from a structural mismatch between demand and supply, which has pushed prices far beyond...