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Antiquated zoning laws only worsen the housing crisis SACRAMENTO – We’ve all seen the news stories about the nation’s insanely overheated housing market, as bidding wars have become the new normal. Prices have hit record levels and in some markets they have increased 20 percent since the beginning of the pandemic. It’s no surprise that “housing crash” is one of the most popular search terms on Google. California’s median home prices have just topped $800,000, which is astounding when one considers that this is the statewide median, and includes lower-cost markets such as Bakersfield and Modesto. Unlike markets for consumer goods, government permitting and land-use regulations depress housing supply. That has led in part to the current price run up.

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