San Francisco Bayview-Hunters Point Real Estate Prices Soaring; $100,000 Over Asking Price Is Common
One of the most economically disadvantaged neighborhoods of San Francisco is seeing home prices soar as it joins the current real estate boom.
New data on the Bay Area housing market indicates a sharp increase in home values paired with higher rents across the region.
Chris Thornberg, founding partner of Beacon Economics, said businesses will eventually follow, as many people with jobs in San Francisco and Silicon Valley have already moved to the East Bay.
Usually it’s sellers who take out real estate ads, but in the Bay Area’s searing hot housing market, one Berkeley couple fed up with being outbid has resorted to advertising the millions in cash they’re ready to spend on a dream home.
With the Bay Area real estate market red hot, it’s hard to believe that houses were once sold for five figures. KPIX 5 reporter Juliette Goodrich went back to the East Bay home she grew up in to explore how the market has changed.
Real estate website Zillow released a report Monday night that shows home prices in dozens of Bay Area cities have hit pre-recession levels. Experts said prices are likely to keep going up for the foreseeable future.
Bay Area home prices are increasingly unaffordable, and a change in mortgage rates could dramatically worsen the crisis.
A research firm says San Francisco Bay area home prices cooled last month as inventories grew and investor interest declined.
A research firm says home prices in the San Francisco Bay Area began to cool off last month after a torrid run.
If you’re planning on purchasing a home in the Bay Area soon, you may be up against steep competition.