A report from the Associated Press on California. "Salinas is one of America's least affordable places to live, exemplifying a housing crisis that plagues California's rural and urban areas alike. Salinas families earn a median income of $69,000, while the region's 90,000 farmworkers bring in far less. They face a median home price of nearly $550,000 and two-bedroom apartments costing roughly $1,800 a month, according to Zillow."

"'We have an insatiable need for housing,' City Councilman Scott Davis said. 'No matter how much housing we build, we'll never have enough.'"

From NBC Bay Area. "It's the Bay Area's universal problem -- the price of housing. But now, a Zillow study says that for the first time in seven years, rents have actually dropped. So what's behind the drop? It appears a building boom may finally be paying some dividends."

"Maybe most surprisingly, housing experts like Ralph McLaughlin of Veritas Urbis Economics said it's not mass migration of people fleeing the Bay Area pushing down prices. But rather new construction coming to market. McLaughlin said it is multi-family housing, which tend to be rentals popping up the most. San Francisco has built more of that in the last two or three years than at any point on record."

From CBS Sacramento. "It’s a rent trend that may finally offer some relief in Sacramento. Rapidly rising rents appear to be subsiding, even in San Francisco. Bill Shower manages 1,000 rental properties in the Sacramento region. He says one reason for the slowing trend, is more people leaving Northern California."

"'Everything is slowing down,' Shower said."