Housing costs in California are rising faster than other states. Between January 2012 and January 2019, list prices for homes rose 85.4%. Video and photo composite: Carlos Waters for The Wall Street JournalSAN FRANCISCO—California’s economy is adding jobs far faster than affordable places to live, forcing some employers to leave the state as they expand. Companies that move from California have historically left behind its diverse industries, renowned public universities and balmy climate for states with lower taxes and lighter regulation. But now home prices and rents, higher on average than anywhere else in the country, have surged to the top of concerns for businesses and workers.

Source: Wall Street Journal March 19, 2019 15:00 UTC