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| Hot in Housing: The Bay Area Rules |
| By Suzanne De Vita |
The Bay Area—chiefly San Francisco, San Jose and Vallejo—is on a hot streak, with no pointers to a slowdown this year, according to data newly released from realtor.com®. In January, homes in the San Francisco-Oakland-Hayward metropolitan area lasted a median 39 days on-market; in the San Jose-Sunnyvale-Santa-Clara metro, a median 33 days; and in the Vallejo-Fairfield metro, a median 44 days. "There is no doubt that housing in many parts of California is as hot as the Mojave in August," says Javier Vivas, director of Economic Research at realtor.com. "Even with sky-high prices, homes in places like the Bay Area typically sell twice as quickly as homes in the rest of the country, thanks to a supercharged economy ...
Read More > |
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