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Home Sales Rise For First Time In Six Months

Existing home sales increased in October after six straight months of decreases, the National Association of Realtors reported yesterday. Total sales for existing homes, including single-family homes, condos and townhomes, increased 1.4 percent from September to a seasonally-adjusted rate of 5.22 million in October. Sales are down 5.1 percent, though, from last October. fcgrowth has …

Home Price Continue To Rise In Contra Costa County

Home prices in Contra Costa County were up 7.4% in September compared to last September with the median sold single-family home at $650,000, according to the California Association of Realtors. Prices up but sales down–17.3% year over year. The real estate market in East Bay is starting to slow, but everything is relative. In Lafayette, …

Fed Rate Hikes Expected to Slow Home Price Growth

In view of the Federal Reserve’s decision to raise interest rates yesterday, home price growth is expected to slow, reports Lawrence Yun, chief economist for the National Association of Realtors. “The era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years. Another rate hike by the …

Lack of Affordability Constrains Home Sales

The continued lack of affordability in the Penninsula and Silicon Valley housing markets remains the primary factor in our housing market. As workers are priced out of those areas, they continue to look for homes in Contra Costa County with home sales up more than 10 percent in July, according to the California Association of …

Bay Area Home Prices Continue To Climb

While some parts of California saw housing sales slow down in July, in the Bay Area it was a different story. The California Association of Realtors reports that the Bay Area continues to see prices climb ever-higher with many markets experiencing double-digit growth in closed-sale prices. Santa Clara, San Francisco, and Alameda–all counties where more …