Bay Area Housing Affordability

 

 

Bay Area Housing Affordability

Per California Association of Realtors

Housing Affordability Index (HAI)

Q4 2019 Update, Published February 2020

Bay Area housing affordability percentages ticked up considerably in Q4 2019 as compared to Q4 2018, and were relatively unchanged comparing Q4 2019 to Q3 2019.

Generally stabilizing or slightly declining median home prices, plus increasing median household incomes and dramatically falling interest rates = a jump in year-over-year housing affordability.

The CA Association of Realtors Housing Affordability Index estimates the percentage of households who can afford to buy a median priced HOUSE with a 20% down-payment, at prevailing fixed 30- year interest rates, with associated housing expenses such at taxes and insurance. Counties contain cities, and cities contain neighborhoods of widely varying values, market conditions and affluence.

 

Text Found on Your Image is Per California Association of Realtors Housing Affordability Index (HAI):

• Traditional
• Methodology
  
  

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.