Tag Archives: Housing Affordability

Housing’s Spring Bloom ‘Stuck’ Due to Short Supply

“If I am underwater in my equity and now suddenly I’m not, but I’m up 5 percent and the market around me is appreciating 6,7,8,9, 10 percent, why don’t I wait and perhaps get a 10 percent return on my … Continue reading

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Why Housing Affordability Is at Risk

The average rate on the 30-year fixed mortgage dropped to 3.68 percent last week, according to the Mortgage Bankers Association. From 1985 through 1999, rates ranged from 6 to 13 percent. Present low rates have allowed buyers to purchase more … Continue reading

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Bay Area housing market gets costlier in January

Housing got even costlier in the San Francisco Bay Area last month. For a 10th consecutive month, the median home price in the nine-county region rose year over year to hit $415,000, real estate firm DataQuick reported. That was a … Continue reading

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San Francisco 2nd, San Jose 6th least affordable places to buy in the country

We’ve written numerous times about how crazy expensive buying a home in the Bay Area is for the average folk.  Out comes another survey, this one by the National Association of Home Builders/ Wells Fargo Housing Opportunity Index, that confirms … Continue reading

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Pending Home Sales Surge to Five Year High

Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September. The monthly gauge of pending home sales from the National Association … Continue reading

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