Weekly Real Estate Update

Buying a Home in the Bay Area Is Still Cheaper Than Renting

Home prices grew slightly faster than rents across the country over the past year, but purchasing a property remains the less-expensive option, thanks in part to low mortgage rates. That's true even here in the Bay Area, which lays claim to the highest home prices in the nation. Read more at http://bit.ly/1AlT4T5

California Median Home Price Reaches Highest Level Since 2007

The median Golden State home price hit its highest point in more than seven years in April, while sales volume rose for the third consecutive month. The Bay Area also enjoyed healthy home sales gains in April, with volume rising by more than 20 percent from the previous month. Get the full story at http://bit.ly/1IJioWa

San Francisco Metro Area Mortgage-Delinquency Rate Is Lowest in U.S.

The U.S. mortgage-delinquency rate has dropped to its lowest level in nearly eight years, with the San Francisco metro area leading the charge. Details are at http://bit.ly/1AhzcRv

Looking for Pet-Friendly Rentals? No Region Has More Than the Bay Area.

San Francisco and Oakland rate among the top cities in the U.S. for pet-friendly landlords, least expensive pet fees, and access to pet stores and services, according to a recent study. Get the full story at http://bit.ly/1F5Wu9t

Real Estate Roundup: San Francisco Is World's Fastest-Appreciating Luxury Market

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that San Francisco posted the largest annual home price gains of any major luxury market in the world. Also, distressed home sales were in the single-digit range in all nine Bay Area counties in April. Get all the week’s top news at http://bit.ly/1EvbyM2