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SF Biz Times Welcomes Selma Hepp, Pacific Union Chief Economist as Guest Editor

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Selma Hepp
, Pacific Union Chief Economist

The bottom line is the imbalance in housing supply and demand. In California, production of new housing has not kept pace with demand for at least the last 25 years. A report by the state’s Legislative Analyst (LAO) estimates that California has been undersupplied with new homes by an average 100,000 each year since 1980.

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