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In the San Jose-Sunnyvale-Santa Clara metropolitan area, there are 30 available and affordable housing units for every 100 extremely low-income households below 30% of the area median income. There are 43 available and affordable units for every 100 low income households below 50% of the area median income. [4]
Half of those units, or 1,201, will be designated as below-market rate housing for low and very low-income residents. [9] The project was approved on September 21, 2018 for streamlining under SB 35. In October 2018 the City Council approved, and residents then filed a referendum on, another Vallco project by the same developer—the 2018 Vallco ...
It is another big milestone in the Bay Area housing market: The median price of a single-family home in Santa Clara County hit $2 million for the first time. So what is driving the surge? Realtors ...
In San Mateo and Santa Clara counties, buyers would require a minimum income of $504,400 and $451,200, respectively, to purchase median-priced homes of $2.01 million and $1.8 million. [16] [17] The housing situation affects individuals differently, depending upon their circumstances.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Days on market: With high prices and mortgage rates putting a purchase out of reach for many, homes are taking longer to sell. In June, the median length of time homes spent on the market was 22 ...
Using the SPM, tax credits achieve a 2.5 percentage point reduction in the poverty rate, and SNAP (of which CalFresh is a part), SSI, and housing subsidies each achieve a 1 percentage point reduction (about 3,300,000 U.S. residents each).
“The average 30-year fixed mortgage rate will spend most of the year in the 6s, with a short-lived spike above 7 percent, but never getting below 6 percent,” says Greg McBride, CFA, chief ...
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