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Pricey home sales hit record in Bay Area


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2014 Aug 2, 12:23pm   2,019 views  3 comments

by Carolyn C   ➕follow (0)   💰tip   ignore  

http://www.insidebayarea.com/news/ci_26251587/million-dollar-plus-home-sales-hit-record-bay

There was a time when a million-dollar home was something families drove by on a Sunday outing to get a glimpse of how rich folks lived. But now they're more common than Starbucks, at least around here. Fueled by the booming tech economy and seemingly insatiable demand for housing, the Bay Area set records in the second quarter of this year in the number of homes sold for $1 million or more as well as those costing at least $2 million, a real estate information service said Thursday. In the nine-county region, 5,734 homes sold in the April-June period for...

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1   bubblesitter   2014 Aug 2, 2:21pm  

.....until stock market collapses!

2   hanera   2014 Aug 2, 3:51pm  

Although prices have begun to ease lately, he added, the cost of housing is still so high "it can be bad for people trying to get into the Bay Area market."

3   JH   2014 Aug 3, 3:32am  

This is still "how rich people live" but they are not professionals. They are stock market riding hipsters.

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