California's housing market remains largely unaffordable, with Orange County experiencing the highest price gains for luxury homes, up 8.2% over the past year. While this marks a cooling trend compared to the previous year's 10% increase, overall home prices in the county rose 7%, down from 8.9%. Other California markets show similar cooling, with luxury gains in Sacramento at 3.9% and San Diego at 3%. Starter homes across various regions have also seen reduced appreciation, contributing to a significant decline in sales transactions.
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