Why are Bay Area home prices on the rise again? – NBC Bay Area

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New numbers from the California Association of Realtors program the average rate for a South Bay home is currently $1.8 million, a 20% enter one year.

In San Francisco, the average home sets you back $1.6 million, which is additionally a dive over in 2014.

Local real estate agents claimed vendors are beginning to pass problems over high home mortgage prices and concentrating rather on the high return they can obtain for their residences. The change suggests greater home prices and a bigger void in between purchasing and leasing in the Bay Area.

NBC Bay Area technology and organization press reporter Scott Budman has actually been tracking the numbers and has much more in the video clip record over.



https://www.nbcbayarea.com/news/local/bay-area-home-prices-rising/3497796/

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