No matter what the location and what type of property, every buyer wants to feel they’re getting a great deal and aren’t paying the highest price, said Raifie Bass, an Aspen-based broker for Douglas Elliman. And purchasing a property in a transitioning neighborhood is one way a buyer can optimize potential appreciation and growth. But…

SACRAMENTO — A full-fledged housing crisis has gripped California, marked by a severe lack of affordable homes and apartments for middle-class families. The median cost of a home here is now a staggering $500,000, twice the national cost. Homelessness is surging across the state. In Los Angeles, booming with construction and signs of prosperity, some people…