More houses expected to hit the Bay Area market in 2025
By Scott Budman • Published January 6, 2025
A peek into the exciting future of the Bay Area’s housing market is hinting at something potential buyers have been eagerly begging for. At least one prominent agency is forecasting that they expect more houses to hit the market in the year 2025. Scott Budman reports on these intriguing developments and what they may mean for prospective homeowners.
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Bay Area home sales are up despite sales slowdown nationally
By Scott Budman • Published October 23, 2024
The Bay Area housing market continues to defy gravity in its remarkable resilience, even as the national market gradually slows down and shows signs of instability.
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Bay Area housing prices fall
By Scott Budman • Published September 24, 2024
A double shot of good news for those hopeful individuals looking to buy a home here in the beautiful Bay Area. Recent trends indicate that mortgage rates and housing prices are both steadily falling. This shift in the market creates a more favorable environment for potential homebuyers. Scott Budman reports on these promising developments.
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Average home price tops $2 million in nearly 3 dozen Bay Area cities
By Scott Budman • Published June 24, 2024
It’s becoming increasingly challenging to afford a home in an even larger portion of the Bay Area, as prices continue to rise and the housing market shows no signs of slowing down. Scott Budman reports on this concerning trend.
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Homebuyers turn to riskier adjustable-rate mortgages
By Scott Budman • Published May 1, 2024
As mortgage rates continue to remain above the 7% mark, many would-be homebuyers are actively exploring alternative financing options to assist them in their pursuit of homeownership. One popular choice among these options is the adjustable-rate mortgage, which offers potential savings compared to fixed-rate loans. Scott Budman reports on this emerging trend.
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Why are Bay Area home prices on the rise again?
By NBC Bay Area staff • Published April 1, 2024
Recent statistics released by the California Association of Realtors indicate that the median price for a home in the South Bay region has now reached an impressive $1.8 million. This marks a significant 20% increase over the past year. Scott Budman provides this insightful report on the evolving real estate landscape in the area.
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Bay Area housing prices still high despite more inventory hitting the market
By NBC Bay Area staff • Published March 19, 2024
After several years of notably low inventory levels, more houses are unexpectedly being put on the market in the Bay Area, offering potential buyers new opportunities to explore. Scott Budman reports on this significant shift in the current real estate landscape.
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How 8% mortgage rates are impacting the Bay Area housing market
By NBC Bay Area staff • Published October 19, 2023
The price to buy a home in the Bay Area just keeps climbing steadily, and a new significant milestone when it comes to mortgage rates is also not helping the situation at all. Scott Budman reports on these developments.
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Why Are Bay Area Home Prices on the Decline?
By NBC Bay Area staff • Published March 28, 2023
The Bay Area housing slump may soon be coming to an end. Recent data indicates a drop in housing prices, suggesting a shift in the market. However, as Business and Tech reporter Scott Budman has discovered, this decline in prices may not last for an extended period of time.
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