America's housing market continues to see annual price appreciation, but gains are beginning to slow, driven in part by higher mortgage rates. Potential homebuyers in California and the Bay Area, however, are not seeing as much relief, with prices growing at roughly double the national average.
Tag Archive: Riverside
Residents of one Santa Clara County city earn median incomes that are roughly four times the California average, while Oakland is being called one of America's top spots for real estate investors. Get the latest housing stories from around California and the Bay Area in Pacific Union's weekly Real Estate Roundup.
The Bay Area's high-performance economy has been driving demand for housing for the past five years, and the region's job market appears stronger than ever in 2018.
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.
Despite the San Francisco metropolitan area's sky-high housing prices, millennials are flocking to the region to take advantage of a thriving job market and lively culture.
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.
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.
December 1, 2016 • Posted in Market Forecasts
The Western U.S. is projected to lead the country for home price gains next year, with Bay Area appreciation expected to run at more than double the national rate.
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