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  • NEWS Desk Global

BAY AREA MEDIAN HOME PRICES CONTINUE TO RISE




Bay Area home values are once again stretching to new highs, where there is high demand but not enough supply. According to the California Association of Realtors, San Mateo and Santa Clara counties have a median home price of at least $2 million. There are nosebleed levels for San Francisco and Alameda as well.

The demand is so high, that the Bay Area once again tops what Zillow calls its "heat index:" As for how people come up with the money to buy in the Bay Area, the answer is not all that surprising, they are cashing in stock. With tech stocks reaching all-time highs these days and the typical down payment somewhere near $400,000.

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