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> Bay Area home prices have been climbing for six years, setting another record in April, when the median sale price hit $850,000 — up 13 percent from a year ag
by usaar333 8y ago
> Bay Area home prices have been climbing for six years, setting another record in April, when the median sale price hit $850,000 — up 13 percent from a year ago, according to real estate data firm CoreLogic. Rents are soaring too, and workers are forced to move farther away to find affordable housing and commute on already crowded Bay Area roads and freeways to get to their jobs.
Citation is provided for purchase prices, but not rents. I can't find any market where inflation-adjusted rents are not at most flat-lined, if not lower over the last 2 years:
https://www.zillow.com/san-francisco-ca/home-values/ https://www.zillow.com/san-francisco-ca/home-values/ (down)
https://www.zillow.com/oakland-ca/home-values/ https://www.zillow.com/oakland-ca/home-values/ (no change inflation adjusted)
https://www.zillow.com/san-jose-ca/home-values/ https://www.zillow.com/san-jose-ca/home-values/ (down inflation adjusted)
https://www.zillow.com/santa-clara-ca/home-values/ https://www.zillow.com/santa-clara-ca/home-values/ (roughly in line with inflation)