Thursday, January 18, 2007

Home prices flat, rent up

Fewer Bay Area homes sold last month than during any December since 1996, while the median price of those homes was nearly flat compared with a year earlier, a real estate media noticed Wednesday. In mean time the rent is going up. My friend is desperately looking for decent two bedroom apartment in San Bruno - Redwood City area. Someone recommended him the Franciscan Apartments in Foster City, but the rent price for two bedrooms went up from $1500 to $1900 just in two years and the landlord asks $2400 for three bedroom. The history repeats itself.

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