Mortgage payment sticker shock, affording a home in the bay area already difficult enough and now the hunt is getting even tougher. This week the average 30year fixed Mortgage Rate hit 8 the first time in more than two decades. It was as low as 3 just two years ago. It is a consequence of the Federal Reserve raising short term rates to slow the economy and reduce inflation. So here is the painful result. A new report by the real estate listing site redfin found people looking to buy a home in the bay area should impact to spend an average of 10,000 a month on mortgage payments. A household needs to make at least 400,000 a year to afford a medianpriced home in the San Francisco area which is hovering around 1. 5 million. Our Jose Martinez met a firsttime homebuyer in daly city who is struggling to find something she can afford. Reporter im here in daly city where as you can see behind me, homes are for sale. There is a family across the street who wants to buy it, but Mortgage Rates are
With juliette goodrich. Didnt catch you offguard this morning . It did for me, cell phones went off across the bay area, warning about an earthquake. Some people actually felt the shaking in contra costa county. The usgs says a magnitude 4. 2 earthquake hit the delta just before 9 30, centered near isleton, about 20 miles south of antioch. Isleton is a small city, only about 800 people. They have not reported any damage, but the shaking was enough to knock a few things off store shelves, as you can see there. A liquor store, as you can see. Not enough to scare the Woman Working behind the counter. The way i see the shelves going like that, i thought the whole store would fall on me. It was not something i have experienced, i dont want to experience it again. My kitchen light started shaking, then the counter started g. St kind of braced myself a little bit. Plenty of people felt shaking and antioch and other parts of the east bay. Usgs first reported the quake as a magnitude 4. 6 , it
Memorial Day weekend is upon us, and with it comes the arrival of summer and all the summer concerts and festivals. The summer of 2024 may be the busiest one yet in terms of live music, leaving fans with an abundance of choices.One of the best parts.
Memorial Day weekend is upon us, and with it comes the arrival of summer and all the summer concerts and festivals. The summer of 2024 may be the busiest one yet in terms of live music, leaving fans with an abundance of choices.One of the best parts.
The Canadian Hockey League’s conference finals are underway as teams push to reach their league finals. With analysis from TSN Director of Scouting Craig Button, here is a look at where the how each of the conference finals have gone so far.