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Print San Diego County started the year with a $640,000 median home price brought on by intense competition over limited home inventory. The January price represents a 9.4 percent increase in the last 12 months following major gains during the pandemic. It is down from the high of $650,000 reached in September to November last year. Experts continue to point to low mortgage rates and limited supply as primary reasons the price rose so much in 2020 — and likely will continue to rise in 2021. Analysts also say millennials aging into homeownership and stay-at-home workers wanting a better sp...

Share this article Share this article SEATTLE, Feb. 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — 41.3% of households earning 80% of the local median income in San Jose and 42.7% in Seattle are rent-burdened, according to a new analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. While high-income households living in those areas can afford to buy or rent a home, lower-income people like teachers and retail workers have a harder time paying for housing. "Seattle is turning into Silicon Valley, with software engineers driving up home prices. That's especially true...

FAIRFIELD-SUISUN, CALIFORNIA San Diego home prices have biggest gain in 6 years; third highest in nation [The San Diego Union-Tribune] San Diego home prices continued their climb in October, rising 11.6 percent — the highest in more than six years. Prices in America’s Finest City increased the third fastest annually in the nation, the S&P CoreLogic Case-Shiller Indices reported Tuesday. Only Phoenix, up 12.7 percent, and Seattle, up 11.7 percent, had bigger gains. The last time prices in the San Diego metropolitan area increased so rapidly was 12.4 percent in May 2014. Still, it is nothin...

San Diego County median home price is $650,000 for third straight month The median home price in San Diego County stayed at $650,000 in November. (K.C. Alfred / The San Diego Union-Tribune) The median home price is up 9.3 percent in a year. San Diego County’s median home price in November was $650,000 for the third consecutive month. The fact that the price didn’t go up is notable in San Diego County, where there have been substantial gains throughout the coronavirus pandemic, increasing nearly 6 percent month-to-month at one point this past summer. The median, which includes ...

Print San Diego’s median home price stayed at $650,000 for the third month in November. The fact that the price didn’t go up is notable in San Diego County where there have been substantial gains throughout the pandemic, increasing nearly 6 percent month-to-month at one point this summer. The median, which includes condos, resale single-family homes and newly built homes, is up 9.3 percent in a year, said CoreLogic data provided by DQNews. The median is the point at which half the homes sold for more and half for less. Housing analysts said Thursday the lack of movement in price isn’t...