Ask anyone that currently lives in the San Francisco Bay Area about the price of housing and you will likely get the same response, "IT'S RIDICULOUS". These people aren't necessarily exaggerating either. According to a report released by CoreLogic, the median price of a house in the Bay Area is still around $830,000, which is much higher than many places in the country. For reference, the median price of a home in the Chicago area is $215,000. And up in Seattle the median price is $430,000.
That being said, there are still some areas within the Bay Area that are "affordable". Maybe not Chicago affordable, but still below the median price. So where are these places you might ask? Below are the Bay Area cities with the lowest median sales priced for attached homes as of September 2019:
SAN LEANDRO: $475,000
PLEASANT HILL: $538,000
There's still a possibility to fulfill the dream of home ownership in the Bay Area.
With first time buyer programs from
First Choice Loan Services, you can qualify for a mortgage loan without needing as much money down as you think. It's possible to qualify for a loan of up to $500,000 while only putting less than $1,500 down and paying around $3,400/month. That's cheaper than some rental rates! For more detailed information on this loan product, contact Chaz Lagaret @ (510) 755-4570 or Chaz.Lagaret@fcloans.com.
If you or someone you know is interested in finding a home in the San Francisco Bay Area, consider partnering with the right Realtor® that will find the perfect home for you that's not only within your budget, but also provides the things you wish for in a home. Laurence Lee of Familee Realty is a well qualified Realtor® that can do just that. To schedule a buyer's consultation, please call (949) 264-3307 or email Laurence@FamileeRealty.com.
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