Episode Details

San Diego’s housing market remains painfully unaffordable, with just 17% of households able to buy the median-priced home—now a whopping $1.075 million—requiring an annual income of $268,000. While that’s flat from Q1 and slightly better than last year’s 16%, affordability is still near historic lows, driven by soaring prices and rising mortgage rates. Across California, the situation is even worse: affordability dropped to 19%, down from a four-year high of 22%, as median home prices surged 8.7% and rates climbed to 6.54%. For most, homeownership feels like a distant dream, demanding serious financial planning—and maybe a bit of luck.

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