San Francisco had nation’s biggest drop. Los Angeles had the biggest gain.
Rising mortgages finally caught up to what many U.S. buyers would pay after a springtime price? peak.
Price declines between the spring and summer quarters were found in 125 metro areas – that’s 68% of the markets tracked – with a median loss of 3.4%. A metro market’s median price was a huge factor in the difference between the summer’s winners and losersIn the 76 metros with median prices between $250,000 and $400,000, 53 had price declines.Remember, the 30-year mortgage rate averaged 5.6% this summer vs. 5.3% in the spring and 2.9% in summer 2021. That’s a 28% loss of buying power for a borrower over 12 months.Los Angeles County had the No. 1 largest summertime gain in the nation, up 8.2% to $893,200.
How odd was that? It was the only metro in the list of 20 biggest summer gains with a median above $400,000. At the other end of the price-change spectrum, three of the summer’s 10 biggest drops came from California. I’ll note that all but one of these 10 largest dips came in metros with pricing above the nationwide $398,500 median …Naples, Florida.:
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lethal Police Robots a Dangerous Idea Says San Francisco City SupervisorSan Francisco allowing police to use lethal robots in emergency situations could open the city up to a slew of new issues ... according to the president of the city's board of supervisors.
Leer más »
Parents on edge after infant's possible fentanyl exposure in San Francisco parkAuthorities are still trying to figure out how a 10-month-old baby may have ingested fentanyl in a San Francisco park and nearly died.
Leer más »
Murder conviction in brutal 2014 San Francisco domestic violence slayingAfter waiting an agonizing eight years, Mary Atchison's family and friends have finally gotten some closure after her former boyfriend was convicted of her 2014 domestic violence slaying.
Leer más »
10-Month-Old Baby ODs on Fentanyl at San Francisco ParkThe boy is said to have been crawling in the grass and putting leaves in his mouth as he usually would (via toofab)
Leer más »
San Francisco ranks among the world's 10 most expensive citiesAnother California city is even more expensive to live in than San Francisco, according to a new report.
Leer más »
Here's how cold it is across the San Francisco Bay AreaTemperatures dropped into the 30s, even 20s, across the San Francisco Bay Area Friday morning, marking some of the coldest weather the region has seen so far this season. The bone-chilling conditions came after a storm system delivered a heavy dose of…
Leer más »