Residents in Larkspur are concerned over a proposed high-density housing project, saying it would become a nuisance.
A study from home mortgage tracker HSH.com indicates the average worker in the San Francisco Bay Area needs to earn $137,129 a year to buy the median-priced home in the region, more than four times the salary required in the five cheapest metropolitan areas: Cleveland ($29k), Pittsburgh ($30k), St. Louis ($31), Cincinnati ($31) and Detroit ($32k).
Claudia Meyer grew up in Los Altos. Her parents bought their home for $18,000, a far cry from how much homes are today.
The middle class is being pushed out of the San Francisco metro area’s housing market.
After a year of being beat out on every San Francisco property they bid on, a family switched realtors and bought a house that wasn’t for sale.
As property values skyrocket in the Bay Area, mobile home parks are being left in the dust, and landlords in an East Bay city might have to pay the price for pushing those low-rent tenants out.
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Realtors are using the words “overbid madness” to describe what’s happening in San Francisco’s housing market. One case in point is a home that was sold hundreds of thousands above the asking price.
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.
Spring 2014 housing indicators tell us that procrastination is not the way forward for buyers.