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You are here: Home / Real Estate / No new homes?

No new homes?

September 5, 2019 By Geoffrey Disch 1 Comment

In the nine-county Bay Area – over 7 million people – only 266 new homes, townhomes, and condos were sold in January of this year. This is the lowest total in at least 20 years according to CoreLogic.

And the trend continues: new home sales were down in July by 9 percent over 2018.

While prices are high, demand remains strong but the outlook for new housing is not good. Permits for new construction are down nearly 50 percent in San Mateo County, 30 percent in Alameda County, nearly 10 percent in Santa Clara County and 7 percent in Contra Costa County.

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Filed Under: Real Estate Tagged With: new home construction

Comments

  1. بیوگرافی بازیگران says

    September 10, 2019 at 4:39 am

    Very useful and great. Thank you for your useful article

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