Alameda Housing Market Update - September 2024
The Big Story Lower Prices and Lower Mortgage Rates Quick Take: Nationally, the monthly cost of financing a median-priced home was 8.3% lower in August 2024 than in June because the median home price declined 2.1% over the past two months, and mortgage rates have dropped. In August, the average 30
Alameda & Contra Costa - Housing Market Update August 2024
The Big Story Housing Market Seasonality vs. Expected Rate Cuts  Quick Take: Nationally, home prices hit an all-time high in June 2024, and we estimate that prices may have bucked seasonal trends and climbed slightly higher in July.* In July, the average 30-year mortgage rate declined for t
Alameda & Contra Costa - Housing Market Update June 2024
The Big Story Median home price hits record high for the second month Quick Take: Since January 2024, prices have climbed 13.6%, reaching an all-time high in May and another in June 2024. Similarly, the monthly cost of financing has hit a record high, meaning that home affordability is at a record
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