Thursday Must Reads: Bay Area Housing Market Remains Red Hot; Oakland Council Shelves Plan to Audit the City Auditor

Stories you shouldn’t miss:

1. The Bay Area housing market remained red hot in April, as the median home sales price soared to $510,000 — its highest point in five years and a 30.8 jump over the same month a year ago, the Chron$ reports. A relatively small number of homes on the market are continuing to spark fierce bidding wars. However, the region’s median home price is still short of its peak of $650,000 in the summer of 2007. The low point was $375,000 in March 2009 during the height of the foreclosure crisis.

18,644FansLike
0FollowersFollow
67,429FollowersFollow

Newsletter sign-up

eLert sign-up

Oakland
clear sky
79 ° F
82 °
76 °
30 %
2.8mph
0 %
Sat
79 °
Sun
76 °
Mon
76 °
Tue
71 °
Wed
68 °