The San Jose metropolitan area once again posted the highest home price appreciation and seller returns in the second quarter, although price growth in the region is finally decelerating.
U.S. home sellers pulled in the biggest gains in nearly a decade in the first quarter of 2017, with Bay Area and California markets leading the pack.
Home sellers in two Bay Area cities are pulling in the largest gains in the nation, while Facebook is offering up another plan to help ease Silicon Valley’s critical housing crunch. Check out these stories and other headlines of note in our weekly Real Estate Roundup.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that home sellers in some Bay Area counties are realizing gains of more than 50 percent since the time of purchase. Also, workers in the San Jose metro area have the highest per-capita output in the U.S., with San Francisco not far behind.
San Jose, San Francisco, and Los Angeles homeowners have seen their property values skyrocket over the past decade, while mortgage rates continue to decline. Stay on top of the latest housing headlines in Compass’ latest weekly Real Estate Roundup.
Nationwide, homebuyers had more properties to choose from in the fourth quarter than they did a year ago, while major California housing markets saw price growth moderate.
Compass Chief Economist Selma Hepp examines rebalancing market conditions between homebuyers and sellers in the Bay Area and Los Angeles.
Homeowners in San Jose, San Francisco, and Los Angeles remain the nation’s most equity-rich, while that latter California city saw the country’s largest uptick in luxury-home flips. Get the skinny in Compass’ latest Real Estate Roundup.
San Jose and San Francisco led the country for home seller returns in 2018.