The surge in unsold homes signals growing challenges in California's housing market, where affordability has long been a ...

California can no longer afford to treat overregulation as just an inconvenience. For too many, it’s a barrier to survival.

In April, the average home value of a typical California home was $796,255, according to Realtor.com, up 1.3 percent from a year earlier.

Despite the recent downward pressure on prices in California, the cost of buying a home remains high—much more than many can afford. Home values might be dropping on a monthly basis, but they ...