A continued shortage of homes for sale pushed California's median home sales price to a new record for the first time since the previous housing boom, with the Bay Area recording double-digit percent annual growth for the 11th straight month.
Tag Archive: California Association of Realtors
Pacific Union CEO Mark A. McLaughlin weighs in on why the discount real estate brokerage business model may not benefit Bay Area home sellers.
Golden State home prices could eclipse their previous peaks within the next few months, while the nine-county Bay Area continued to record double-digit percent appreciation in April, pushing prices just above $1 million.
California and Bay Area housing affordability inched up quarter over quarter, but the state is home to all 10 of the least-affordable major real estate markets in America.
Demand for California homes remains high as the traditionally busy spring season begins, with more than two-thirds of 2018's top markets for sellers located in the state.
The Bay Area posted double-digit percentage point annual home price gains last month, with five local counties setting new record peaks due to continually shrinking inventory conditions.
Bay Area real estate markets began 2018 on a familiar note, with supply constraints pushing up home prices and forcing more buyers to inland counties.
The Golden State's housing affordability crunch has reached the point where even well-compensated software engineers at some of the biggest tech companies could have trouble purchasing a home.
Less than one in three Californians could afford to purchase a home in the fourth quarter, with affordability conditions declining in every Bay Area county from one year earlier.
Bay Area home sales and inventory dropped year over year in January, while prices rose by double-digit percentage points. Get an in-depth analysis of the latest market conditions from Pacific Union Chief Economist Selma Hepp.
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