Friday Must Reads: Oakland-East Bay Housing Market Is the Hottest Nationwide; The Future of First Fridays Is in Doubt

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Credits: Stephen Loewinsohn/file photo

Stories you shouldn’t miss:

1. A new report reveals that the Oakland-East Bay area is the hottest housing market in the country, the San Francisco Business Times reports. Home prices skyrocketed by 31.2 percent here in the past year — by far the largest increase nationwide. Real estate experts attribute the huge jump to a lack of inventory: There just aren’t enough homes for sale to meet the demand. San Jose ranked second in the nation with a 23.2 percent increase in home prices and San Francisco ranked fourth with a 19.6 percent jump.