The median single-family home price fell slightly in January 2021; however, year-over-year, single-family homes prices in the Bay Area increased considerably, up 20%. As you can see in the graph below, median condo prices by region were fairly flat over the course of 2020, without large price gains or losses. January 2021 showed a continuation […]
The median single-family home price declined and condo prices rose month-over-month. Year-over-year, single-family home prices rose considerably, while condo prices showed price stability. Median single-family home prices were mixed across Silicon Valley counties. Prices have remained quite stable over the last 12 months. Year-over-year, all counties saw substantial gains, up 13% in San Mateo, 15% […]
Important trends to discuss this month are the connection between housing affordability and housing demand in California and the effects of rising mortgage rates. The chart on the next page compares the indices of three metrics—home price in California, the average 30-year mortgage rate in the United States, and per capita income in California—against housing […]