The prices of homes sold in the Bay Area over the last two months are nearing historic highs, while the number of sales are near normal levels, according to data released Wednesday by the research firm CoreLogic.
New home sales surged higher by nearly 7% in April, durable goods orders rebounded with a business investment spending improving for the second straight month, a critical sign for growth, and even consumer confidence is on the rise, although that really hasn’t translated into higher retail spending, in spite of lower gas prices and an improving job market.
It’s a seller’s market in the Bay Area right now. Inventory is low, particularly in San Mateo County.
A million dollars doesn’t buy much in the way of luxury anymore if you are home shopping in San Francisco, the South Bay or the Peninsula. That may explain the recent surge in luxury home sales in Oakland.
Home sales in the Bay Area and California slid last month amid tight supplies, while prices held steady, a research firm said Tuesday.
If you’re planning on purchasing a home in the Bay Area soon, you may be up against steep competition.
California home prices surged to their highest level in more than five years last month as demand outpaced a thin supply of properties, a research firm reported Thursday.
Real estate firms are reporting a record number of Bay Area homes are being bought with cash, making it increasingly difficult for first-time homebuyers to get their offers accepted.
A research firm says San Francisco Bay area home prices rose last month at the fastest clip in more than 20 years.
There’s more evidence that the Bay Area housing market is finally on the road to recovery as property values are surging across the region.