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  • NEWS Desk Global


A longtime Newark city councilmember announced this week that he was stepping down after being "priced out of town." Mike Bucci made the announcement on Wednesday, saying that he and his wife were unable to buy a home in the East Bay city."Unfortunately, we're just the next people in a long line of folks who have been priced out of town. We tried to buy a home a number of times over the years but it never happened for us," Bucci said.

According to Zillow, the average home value in Newark is just over $1.3 million, which is up 10.5 percent over last year. Bucci, 47, has served on the Newark council since 2014 and is a public works estimator at SilMan Industries, according to his LinkedIn page. His term on the council was set to expire in 2026.

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