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High prices a drag on California’s housing market

The housing market in the region and the rest of the state will continue to be influenced by trends among the two largest generations: baby-boomers and millennials. In simplest terms, the boomers aren’t moving, and the millennials are – out of the state – driven in part by high home prices in California, said Leslie Appleton-Young, chief economist for the California Association of Realtors.

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