To keep things in perspective, which is always nice when you live in the Bay Area of San Francisco, I thought this article was worth reading.
According to the California Budget Project, a nonpartisan research group, many
California families are struggling from paycheck to paycheck, and expensive
housing, high childcare costs and rising healthcare expenses are the main
Nearly one-third of households in the state spent at least half their
income on rent.
Full article from the LA times, which also includes links to the richest and poorest cities in the US. Source: LA Times - by Shan Li.
Happy New Year! and thank you for reading,
Silicon Valley real estate specialist
Detailed, local trends etc...
Current mortgage rates