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Second-Quarter Home Prices Rise in 9 of 10 U.S. Metro Areas

A limited number of homes for sale fueled prices across the country in the second quarter, with more than 90 percent of metro areas posting annual gains. San Jose and San Francisco were the nation's two priciest housing markets, where homes cost about four times more than they do nationwide.

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California, Bay Area Affordability Drops in the Second Quarter

Increased demand for Golden State homes this spring pushed second-quarter prices to levels not seen in nearly eight years, further reducing affordability. In fact, the percentage of Californians who could afford to buy a home was down from the first quarter in every county but one.

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Pacific Union’s July 2015 Real Estate Update

Inventory conditions remained tight across the Bay Area as the third quarter began, with the months' supply of inventory (MSI) dropping or remaining flat from the previous month in the majority of Pacific Union's regions. Get all of the latest home sales data for the Bay Area and the Lake Tahoe/Truckee region in Pacific Union's July 2015 Real Estate Update.

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