metro area Archive

Homebuying in San Francisco, San Jose, and Seattle Sill Strong Despite Steep Prices

Tight supply has led to higher price growth, especially in the metro areas of San Jose- Sunnyvale-Sta. Clara, Francisco-Oakland-Hayward, and Seattle-Tacoma-Bellevue. Given the steep increase in home prices, an interesting question is whether demand is starting to wane given...

Who Can Afford to Buy a Home in California?

California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers. As of the first quarter of 2017, the median home prices for single-family homes are[1]: San Jose-Sunnyvale-Santa Clara, $1.1 million; San Francisco-Oakland-Hayward, $0.85 million;...

Share of renters who qualify to buy a home in the largest metro areas.

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Top Markets Where Renters Can Afford to Buy

The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 1965[1]. After the recent housing downturn, it has been suggested that some are more hesitant to buy a home, and while data show...

Median Expected Price Change in Next 12 Months, By State, Based on January-March 2016 Surveys

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among...