Buyers in suburban areas like Santa Clara, San Mateo, and Contra Costa counties appear to be searching for more room in their houses, which is driving up median home prices. Although home prices grew in almost all the counties only Marin (31.2%) and San Mateo (20.0%) counties posted annual growth of more than 20%. The third-highest price rise was seen in Santa Clara (19.4%). READ MORE…

By John GittelsohnMay 3, 2022, 7:29 AM PDT The heated U.S. housing market is soaring to new extremes in California, where buying a home requires sharp elbows — and a lot of money.  Take a two-floor, 2,500-square-foot (232-square-meter) house listed in Berkeley last month for $1.795 million. The property, built in 1935 but extensively renovated, received 28 offers.  READ MORE…