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Santa Clara County

Real Estate Roundup: Hot Bay Area Market Locking Out Many First-Time Homebuyers

Recent news of interest to homebuyers, home sellers, and the home-curious includes a trend that finds many first-time buyers unable to get a foot in the door in the Bay Area’s pricey, competitive housing market. Also, another report finds that things are getting even tougher for middle-class homebuyers in the Bay Area and California.

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California Home Prices Reach Five-Year Highs

In August, median sales prices for homes in the state hit their highest levels since late 2007 and are up nearly 30 percent from last year. Not surprisingly, homes in the Bay Area are still much pricier than the California average, as well as harder to come by.

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