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.
Tag Archive: California Association of Realtors
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.
America's housing market had its best year for sales in more than a decade in 2017, despite the tightest supply conditions on record.
The supply of homes for sale declined on a both a monthly and yearly basis in California and the Bay Area in December, pushing prices up by double-digit percentage points in seven of nine local counties.
Stubbornly low supply conditions did not improve in California or the Bay Area on an annual basis in November, pushing prices up by double-digit percentage points in six local counties.
The median sales price in the Bay Area was up by double-digit percentage points year over year in November. Get a deep dive into the latest market conditions in a new analysis by Pacific Union Chief Economist Selma Hepp.
An East Bay home recently commanded attention for its exceptionally low list price. And South Bay home prices have reached a new all-time high. Get the latest news from the world of local real estate in Pacific Union's latest weekly Real Estate Roundup.
Oakland, San Jose, and Fremont are among the nation's most recovered cities from the Great Recession, and the latter's economy will get a boost from Facebook's expansion. Get the latest housing headlines of note in Pacific Union's Real Estate Roundup.
Pending home sales continued their skid in California and the Bay Area in October due to shrinking inventory, with the state's eroding affordability conditions remaining real estate professionals' chief concern.
An insufficient supply of homes to meet buyer demand pushed up home prices in most California real estate markets in October, with the nine-county Bay Area posting its second straight month of double-digit percent annual gains.
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