Finally some good news for the discouraged and disgruntled Bay Area buyers! Zillow's latest numbers show that the nation's housing market is actually starting to level off. While the Bay Area is still one of the hottest markets in the nation, we're seeing a decline in home appreciation growth and the market returning to normal.
Falling home valuations and increased home inventory are expected to spur renters to buy, especially given the dramatic increases in rents. SF area rents jumped over 14% to $3,285, proving to be painful - both financially and physically - as tenants go as far as to skip their dentist and doctor visits just to pay their landlords. Because what good is a healthy body if there is no roof to shelter it? The first world problems of the middle class are real!
And of course I cannot end this post without a shameless plug: Take advantage of the slowing market and find your next home here!
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