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National News: Housing Costs Are Up 9% for First Time Buyers!


As we all know, we live in an expensive state and home buyers experience first hand how hard it is to buy a home. Unfortunately, monthly payment for an entry-level home is on the rise and the Bay Area tops the list of highest increases.

The table below from John Burns Real Estate Consulting shows monthly housing costs for an entry-level home in March 2018 as well as the increase over the last year.

Source: “Challenges Mount for First-Time Buyers,” John Burns Real Estate Consulting (April 20, 2018)

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Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-624-9700

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Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

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