Tag Archives: Economy
Talking Points
Since 2012, Bay Area home prices have increased an average of 72%, based on market research conducted by Paragon Real Estate Group. It cited dwindling affordability as a symptom of an overheating market. The median Bay Area home price hit a...
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Home price growth sizzles in May
Source: Market Watch Home prices remained hot in May, bolstering owners’ equity but locking many would-be buyers out of the market.Nationally, prices rose 6.6 percent compared to a year ago, according to a home price index released by...
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State awards $62 million to fund veteran housing
Source: NBC L.A. Approximately $62 million was awarded by the state toward veteran housing developments through the Veterans Housing and Homelessness Prevention (VHHP) program this June. The funding is the third rould of awards given to...
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California Senate promises billions for affordable housing
Source: Curbed San Francisco Lawmakers in Sacramento are eyeing two prospective laws by Bay Area reps, one that would pour billions into affordable housing but also demand that cities start buckling down to build more—or else the state will...
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As existing home sales rise, median home price hits new high
Source: HousingWire Existing home sales rebounded in May as low inventory levels pushed median home prices to a new high, according to the latest report from the National Association of Realtors. And as competition increased, the median...
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Who’s Powering the Housing Market? Surprise! It’s Millennials
Source: Realtor.com Millennials are growing up, settling down and looking to buy a house — for the extra room and the investment opportunity. Millennials were the largest group of home buyers (34 percent) for the fourth consecutive...
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