According to the Case-Shiller Home Price Index, home prices in the Bay Area are back to levels last seen in January of 2008 and September of 2004. From S&P: Data through August 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices … showed that the 10-City and 20-City Composites […]
We all know how deeply San Francisco rents and home prices are tied into the dot com economy. Check out this chart showing San Francisco rents versus the Nasdaq. Maybe there is something to this… Hat Tip The Atlantic.
With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]
The number of Bay Area homes sold in September fell more than what we would seasonally-expect. Prices also declined from August. DataQuick reports: Bay Area home sales dropped more than usual in September compared with August but climbed slightly above the year-ago level thanks to more robust sales above $500,000 this year. For the second […]
From the California Association of Realtors: After distressed sales lost their hold on much of California’s market, the state’s housing market will continue to improve in 2014, with sales shifting toward primary home buyers and both sales and home prices posting further gains, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 California Housing Market […]
The Atlantic shared some interesting data comparing median incomes with median home prices in cities across the country. San Francisco’s median household income is $78,000. And, if that’s what your household earns, you can only afford to live in 14% of the properties for sale, with an average size of 1,000 square feet. This 14% […]
The inventory of homes for sale in the Bay Area appears to have officially bottomed. This October, and for the first time, Bay Area housing inventory is finally higher than it was in October 2013. Is this just a seasonal blip? Or the start of a new trend? If inventory does begin to rise back […]