Weather Alert

It’s Now More Expensive To Buy a Home in San Jose than San Francisco

A realtors open house real estate for sale sign against a blue summer sky from a low angle with no people.

Not a good time to buy a home, especially in the Bay Area. Zillow.com has a new report stating that the typical monthly mortgage payment in the Bay Area jumped over 50% from ONE year ago!  It’s now over $9,000 per month in San Jose, and above $8000 in San Francisco.  To put this into perspective, to afford a median-priced, single-family home in San Jose, you would need a household income of  $255,635 per year.

Um

WHAT?

Is this the twilight zone? 😵

 

 

 

Photo: Alpha Media Library

 



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