Homebuyers in California cities lost hundreds of thousands in purchasing power

(The Center Square) – Homebuyers in several California cities lost hundreds of thousands of dollars in purchasing power when comparing affordable h...

November 24, 2022
4:30 AM

(The Center Square) – Homebuyers in several California cities lost hundreds of thousands of dollars in purchasing power when comparing affordable home prices in 2021 to 2022, according to new data analysis of the nation's largest 100 cities.Potential buyers in the Bay Area city of Fremont topped the analysis as the  city with biggest losses in purchasing power this year compared to 2021, according to new data from Point2, an international real estate search portal. The analysis estimates that buyers in Fremont lost over $243,000 in purchasing power.

Madison Hirneisen