Zillow: California's expensive housing market even prices out the rich
California’s housing market is so large that it now accounts for a third of the nation’s housing market value. In fact, since February 2012, California’s housing value has climbed a whopping $3.7 trillion, ushering millions of homeowners into its rich market. But as affordability concerns impact metros across the country, new data from Zillow suggests that not even high-income households can keep up with the Golden State’s outrageous home prices.