By Dan Brekke, KQED News Fix
If you showed up in the Bay Area in the last three years or so, you know that you have moved into a world where rents and home prices appear to know no limits. The current “up” market has seen the median price of single-family homes sold in San Francisco hit $1 million. Million-dollar home sales have become commonplace in non-chic locales like Burlingame.
Rents have blown through the roof, too, with the Bay Area average for all apartments topping $2,200 last summer (and $3,400 in San Francisco, the region’s most expensive market).
Read the complete story at KQED News Fix.