bay area housing market reddit

Friday, November 11, 2022 Edit

The entire sf bay area housing market has gone nuts. Even then theyre buying at way overextended prices.

Are Bay Area Home Sellers Finally Cutting Asking Prices

A drop in housing prices by about 7 translates to more than a 100000 in savings on a typical Bay Area home.

. If youre making an offer on a home have your agent ask the listing agent if the seller would credit at least 10k to buy down. It is the price in the very middle of a data set with exactly half of the houses priced for less and half-priced for more in the Bay Area real estate market. Think minimum 300K joint income.

As ridiculous as the real estate prices here are the reality is if youre making at least the top 30 percentile in income in the bay area with ample patience and shopping around you should be. The demographic is dual-high-income couples. If like properties are going for 250K over list you need to readjust your expected target price by 250K by offering market price or changing the city neighborhood or property type youre.

I have a room for rent in a shared house near ocean beach. Bay Area Housing Market Cools Down Zillow said the average home value in the Bay Area was 1494000 in May and 1492000 in June -- a drop of 1 By Scott Budman. Housing markets in northern California are cooling faster than anywhere else in the US.

Listed for 115 million this berkeley california home sold in two weeks for 23 million in cash double the. In the San Francisco area the typical home value of 15 million in May means a new-mortgage payment. The 10 markets cooling most are all in the western US.

A Bay Area realtor and economist predict that rents could go up 5 to 10 by the end of the year. Majority of homes are sitting on the market for at least 3 weeks. The Bay Area as a whole went from 248000 to 337200 in the past year.

36 votes 18 comments. The progressives in the Bay Area rely too heavily on higher-taxation PLUS govt subsidization as the solution for ALL evils. The bay area is always competitive but this was something id never seen before.

All the best things to do to see and discuss in the San Francisco Bay Area. The nine-county Bay Area is 56 Black according to the 2020 census. Amid high mortgage rates.

492K subscribers in the bayarea community. Room for rent - Ocean beach. Experts say the seasons do play a role in finding rental deals.

Not all problems require govt. A Chronicle analysis found that Invitation Homes Bay Area properties are concentrated in cities whose populations are disproportionately Black compared with the overall region Richmond 19 Vallejo 19 Antioch 20 Vacaville 92 and Fairfield 144. Many also have parental down payment support.

Median house prices there. The number of homes changing hands each month is down as well reflecting the buyer pullback in the face of sky-high prices and interest rate hikes Hepp said. Think minimum 300k joint income.

Less than 10 minutes walking to get to the beach. But a rise in mortgage rates to about 7 all but erases that savings. It was even worse in San Mateo the minimum income jumped from 390400 to 512000.

Among the hottest markets in the region was Contra Costa county in the East Bay which includes cities such as Orinda Walnut Creek and El Cerrito. Youll live with 3 other chill guys around 26-30. San Jose Oakland and San Francisco are among the fastest-cooling housing markets in the US.

I put offers on homes literally everywhere in the East Bay basically a triangle bounded by Richmond Antioch and Milpitas from mid 2020 til March 2021 and while prices were crazy. It shows that the Bay Area. As mortgage rates remain above 5 and the stock market falters pricing.

The market was continuing its steady growth year after year in. Typical home values have risen more than 22 in the last year. But thats just a sheer lack of creativity.

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