California Bay Area home sales hit 5-year high

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Those two counties also had California’s fastest pace of sales, with homes selling in a median eight days in Santa Clara County and 10 days in San Mateo County. Despite tight supply conditions, Bay Area home sales increased by 7.1 percent from one year earlier in February, with every county except San Francisco registering gains.

There were more predications of huge cost overruns and yearly losses on high. of Bay Area residents were polled as hoping to leave the area soon. Such pessimism is daily fare, and for good reason..

The housing Crisis hiTs home in ConCord – East Bay Alliance for a. – California nurses association (cna); concord communities Alliance; the contra costa labor council; Central. County Regional Group (CCRG), First 5 Contra Costa; the East Bay Alliance.. Amid the Bay Area's housing crisis, Concord is at a crossroads. landlords from generating high returns on their properties, and.

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"Major purchases, such as homes, are likely already seeing an impact as pay anxiety offsets the positive effect of lower mortgage rates," says one economist. LOS ANGELES – California has. in the.

Bay Area home sales hit seven-year high – San Jose Mercury. – Bay Area home sales hit seven-year high – San Jose Mercury News. The Bay Area’s housing market staged a breakthrough in July, reaching the highest level of sales for any month in nearly seven years, according to a report Thursday.

The median sales price for a single-family home in the nine-county Bay Area climbed to $1,088,000, up by 16.4 percent from May 2017, marking the second straight month the region hit a new peak. Home prices rose on an annual basis in all nine counties, ranging from 18.9 percent in Alameda County to 4.3 percent in Napa County.

"At a high level, the California economy has been doing very well post-recession, " Perry said.. Bureau's 2016 American Community Survey, 5-year estimates Get the data. "If the Bay Area tells us anything, it's that housing is always affordable to. Man held by citizens after 14-car hit-and-run rampage.

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The region racked up the most home sales in July for any month in almost seven years, reaching pre-recession highs. And the luxury market around the Bay was particularly strong with double-digit year-over-year sales increases – as high as 76% in the East Bay.

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