The Golden State's median home price climbed to a height not seen since the previous housing boom in April and is likely to keep rising, further squeezing already tight affordability conditions for the rest of the year.
Home Price Conditions
The tech industry is driving luxury real estate prices in cities such as San Francisco, although even expensive U.S. markets remain a bargain by global standards -- particularly China.
April 11, 2017 • Posted in Home Price Conditions
Home prices in San Francisco, San Mateo, and Santa Clara counties are now more than 20 percent higher than their former peaks, but prices in other counties haven't fully rebounded yet.
March 16, 2017 • Posted in Home Price Conditions
A limited number of homes for sale helped push prices higher both statewide and locally last month, though the tight supply conditions could put a damper on the traditionally busy spring season.
February 1, 2017 • Posted in Home Price Conditions
U.S. home prices are just short of their prerecession peaks, while California still has a bit further to go. Here in the Bay Area, however, prices surpassed their previous highs during 2016.
January 20, 2017 • Posted in Home Price Conditions
The Bay Area enjoyed uniform year-over-year home price appreciation in the final month of 2016, though persistent tight inventory conditions and affordability will likely remain challenges for the region and the state in 2017.
October 19, 2016 • Posted in Home Price Conditions
Although California single-family home prices are still short of their record highs, the majority of Bay Area counties have eclipsed the peaks that they attained during the previous housing boom.
September 30, 2016 • Posted in Home Price Conditions
Although about half of Bay Area counties saw modest housing affordability improvements in the third quarter, the average household can expect to shell out a hefty percentage of its income in order to own a home.
August 11, 2016 • Posted in Home Price Conditions
California and the Bay Area both saw strong seasonal price appreciation in the second quarter, further hampering affordability conditions despite mortgage rates that remain near record lows.
August 10, 2016 • Posted in Home Price Conditions
Although the Bay Area's housing market is gradually normalizing, competition for real estate in some communities remains fierce. In fact, half of the U.S. cities where bidding wars are most common are located in the Bay Area, with Silicon Valley figuring prominently into the picture.
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