6 ms·
It would be really interesting to see the difference in trends between the Bay Area, LA, and the more rural areas. Seems the housing price issue is much more of
by cody3222 9y ago
It would be really interesting to see the difference in trends between the Bay Area, LA, and the more rural areas. Seems the housing price issue is much more of a problem in the Bay Area.
- chipotle_coyote 9y agoAccording to Trulia's market trend reports, both LA and Sacramento's median housing prices have increased faster in the last five years than San Jose's: LA went from $400K to $779K, a 94% increase, while Sacramento went from $143K to $305K, a 113% increase. San Jose went from $490K to $865K, a "mere" 77% increase. Stockton also more than doubled in the same period. Obviously one could argue San Jose was already overpriced, but in terms of trends, California's housing prices are kind of on fire -- you don't have to be in the SF Bay area for costs to be rising much faster than the national trend. (Which is still higher than I would have guessed: the median price over that five-year period across the entire country rose from $154K to $205K.)