While many Bay Area renters struggle to make payments, luxury home sales in the East Bay continue strong. The Bay Area Equity Atlas estimates 137,000 renters in the area have accumulated $488 million in debt.
Meanwhile, Zillow reports that high-end sales in Contra Costa county increased by 24 percent from 2019 to 2020. San Francisco luxury home sales have dropped 10 percent as more professionals are leaving the city for the suburbs.
Analysts agree that space has become the prime commodity as more professionals are working remotely.