▲
0
0
▼

Record Annual Gain for Bay Area Median Home Sale Price


               
2013 Jul 18, 6:49pm   2,891 views  4 comments

by wave9x   follow (0)  

http://www.dqnews.com/Articles/2013/News/California/Bay-Area/RRBay130718.aspx?source=Patrick.net

La Jolla, CA.--The median price paid for a Bay Area home rose at its fastest pace on record in June, the result of disappearing distress sales, an improving economy, and mortgage rates that, while up off bottom, remain very low. The number of transactions fell as a slow-growing supply of homes for sale continued to fall short of demand and purchases by cash and investor buyers eased, a real estate information service reported. The median price paid for a home in the nine-county Bay Area last month was $555,000, the highest since it was $587,500 in December 2007. Last months...

#housing

Comments 1 - 4 of 4        Search these comments

1   xenogear3   2013 Jul 18, 10:48pm  

I expect rent to increase 33% next year.

Can you afford $10k rent?
Buy a house now.

2   waiting_for_the_fall   2013 Jul 18, 10:50pm  

How can rent rise when people aren't getting raises to pay the rent? Who are landlords going to get to pay the higher rents?

3   xenogear3   2013 Jul 18, 10:56pm  

Landlord paid 33% higher for the house.
Shouldn't they pass that cost to the renter?

Also people are getting 24% pay increase in SF area.

4   Moderate Infidel   2013 Jul 19, 2:10am  

I'm gonna do 33% more damage to the house I'm renting.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste