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: Demographia
January 25, 2017 • Posted in Market Conditions
While the Bay Area's housing affordability crunch is all too familiar for local home shoppers, a recent report brings a global perspective to the situation, with San Jose and San Francisco ranking among the planet's least affordable housing markets.
Recent news of interest to homebuyers, home sellers, and the home-curious includes news that San Francisco's real estate prices have led one firm to label it No. 3 on the list of the world's least-affordable cities. In other local real estate news, Oakland homebuyers took properties off the market faster than anywhere else in the country in December.
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