Folsom rents inch up just 1.4% as high incomes keep affordability in check
The typical Folsom renter now pays $2,528 a month, only $35 more than a year ago, leaving local households well below the rent-burden threshold.
The typical Folsom renter now pays $2,528 a month, only $35 more than a year ago, leaving local households well below the rent-burden threshold.
Median asking rent rose $55 from a year ago, but Roseville households still spend well below the rent-burdened threshold thanks to six-figure incomes.
Builders pulled 605 residential permits across the Bay Area, a gain that lagged the statewide construction pace by 15 percentage points.
Builders pulled 632 residential permits across the Sacramento region, a sharp underperformance against a statewide pace that surged more than 22% year over year.
Yolo County's four housing markets diverged sharply in March, with Davis prices falling more than 16% even as sales picked up across most of the region.
Newly released Redfin data for March shows a wide gap across the region, with prices climbing more than 10% in two cities and falling nearly 15% in another.
A wide split is opening across the East Sacramento suburbs, with luxury markets diverging sharply and Rocklin emerging as the region's most competitive battleground in March.
The small Yolo County city's median sale price climbed to $735,000 in March, even as sales volume and inventory both fell by more than half from a year earlier.
Homes sold rose sharply year-over-year while inventory tightened, leaving West Sacramento with just 1.7 months of supply heading into spring.
The college town's median sale price dropped 16.2% year-over-year in March, even as buyers moved faster and inventory grew.