Asking prices continue to increase steadily nationwide
in May, rising in 98 of the largest 100 metros, according to Trulia’s Price
Monitor. Nationally, prices are up 9.5 percent year-over-year. Seasonally
adjusted, prices increased 4 percent quarter-over-quarter and 1.1 percent
month-over-month.
Eight out of the 10 least affordable markets, with seven in California, are all
showing double digit increases in asking prices, making home affordability even
tougher for would-be buyers. Orange County, Oakland, and San Jose all had price
increases of more than 20 percent, making these already expensive markets even
less affordable. Prices are up 16.3 percent, on average, in these 10 least
affordable housing markets.
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