California home prices have soared since 1984, tripling in some markets

A study reveals California has the largest housing inflation gap, with home prices rising 441% since 1984 versus 210% inflation. Median home prices in cities like San Jose, San Diego, Los Angeles, and San Francisco exceed inflation-adjusted values by hundreds of thousands. Nationally, home prices outpaced inflation in all 50 largest metros since 2011, though 27 metros saw home price growth slow below inflation in the past year.