Source: Fortune —
Southern California might be a great place to live, but the pandemic and an expensive housing market have pushed many residents to move—like, all the way to Mexico.
Year-over-year home prices in the Los Angeles metro area were up 15.2% in 2021, while prices in Southern California overall went up 15.4%, according to a report by Norada Real Estate Investments. Shockingly, almost half of America’s “million-dollar cities,” where the average price of a home is at least $1 million, are in California, according to a Zillow study published today. The Los Angeles metro area has 57 million-dollar cities, and the state of California has 44% of all million-dollar cities nationwide.
