Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.
STRONG ECONOMY SHOULD CONTINUE TO PUSH UP BAY AREA HOME PRICES
Bay Area home prices are already out of reach for many residents, and that appears unlikely to change barring an unforeseen economic catastrophe.
That’s according to National Association of Realtors’ Chief Economist Lawrence Yun, who spoke last week at the 27th Annual Convention and Expo of the Santa Clara County Association of Realtors. As The Mercury News reports, Yun told attendees that the Bay Area will probably not see a housing meltdown due to intense demand driven by plentiful jobs and exceptionally slim inventory conditions.