Bay Area’s Real Estate Problem Following COVID: One Home for 1,200 Interested Buyers
With just one house for sale for every 1,206 South Bay households that are earning between $100,000 to $125,000 a year, it is no wonder area residents are frustrated. As reported recently in the San Francisco Chronicle, this information comes from a new report from the National Association of Realtors, which compares household income to the number of homes listed for sale in each price bracket as a way to determine the housing supply versus demand. From households earning $50
