NEWS

Is Bay Area housing still a sizzling hot housing market?

NAI Northern California, NAI NorCal, Bay Area, Housing
Even cool, Bay Area housing market is still hot. The San Jose housing market has cooled more than any other in the country — and it’s still the hottest in the nation, according to a recent Zillow survey. The bidding wars and quick cash sales have abated, and home sellers are cutting prices more often and waiting longer to close deals than a year ago. But middle-income families still struggle to afford the median-priced home of $1.2 million in the San Jose metro area. A typical family needs to put about $600,000 down to fit that mortgage comfortably in their budget.
Read more on NAI Northern California’s Newsletter