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Despite the home's "nice curb appeal" and Edwardian-style design, its $488,000 list price is well below Zillow's $526,500 "Zestimate" and down sharply from its value of $1.5 million just last ...
And, although home prices have fallen in the Bay of late (down 9% year-over-year in September alone), they still far outpace the national norm, coming in at a whopping $1.26 million, per Zillow.
Take rent prices in San Francisco, California as an example. “In San Francisco, you might pay around $8,486 monthly on a mortgage compared to just $3,024 for rent,” said Roberts.
The post Where Home Prices Are Falling Most – 2023 Study appeared first on SmartReads by SmartAsset. Some locales offer the advantage – or disadvantage – of bucking nationwide trends.
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well. [4]
Prices hit a new all-time high in June 2024, with the median sale price for an existing home reaching $426,900, according to the National Association of Realtors (NAR). July’s median price was ...
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