MEDIAN PRICE OF BAY AREA HOME UP MORE THAN 15% FROM A YEAR AGO

The latest data reveals a significant increase in the median price of homes in the Bay Area compared to a year ago. According to the California Association of Realtors, the median home price in the Bay Area nearly reached $1.4 million in March, marking a 15.5% increase from the previous year.

With home prices on the rise, experts suggest that renting is becoming a more attractive option. Financial website Bankrate confirms that renting is now more affordable than buying in the nation's 50 largest metro areas.

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