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: Solano County
Employees in four Bay Area cities enjoy the largest starting salaries in America, while another local suburb has earned accolades for its livability. Get the lowdown on the latest housing headlines in Pacific Union's weekly Real Estate Roundup.
For the second time in 2017, Bay Area home prices reached a new all-time high in November, while Napa begins 2018 ranked as one of the best U.S. cities for staying fit. Kick of the new year with the latest housing headlines of interest in Pacific Union's Real Estate Roundup.
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.
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.
Inventory shortages continue to drive up Golden State home prices, further reducing the number of households that can afford to purchase a home. Here in the Bay Area, affordability improved slightly from the second quarter, though four local counties have the most difficult conditions in the state.
Some welcome news for Bay Area home shoppers: Affordability increased in every local county in the third quarter. Unfortunately, the region's home price growth continues to outpace wage growth for the most part.
The number of homes for sale declined statewide and in every Bay Area county from one year earlier -- particularly entry-level properties -- keeping prices at a 10-year high.
July was an incredible month for job creation in California, and especially in the Bay Area. Pacific Union Chief Economist Selma Hepp offers her perspective on the latest employment numbers.
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