California's Home Prices At An All-Time High

17 June 2005 - 8:00am

The lack of affordable housing is reaching epic proportions all across the state.

"The statewide median price of houses and condominiums — the point at which half sell for more and half for less — reached $424,000 in April, up $63,000 in 12 months, according to DataQuick Information Systems."

Source: The Los Angeles Times, June 15, 2005
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The interdisciplinary nature of these challenges justifies a more decisive federal policy that helps metropolitan areas promote energy and location-efficient development.