The latest housing stats show what has been locally known for years — the Bay Area needs more homes fast and some new housing just opened up in San Jose.
The latest housing stats show what has been locally known for years -- the Bay Area needs more homes fast and some new housing opened up just Wednesday.Homes that are trying to make a dent in the city’s housing shortage, and help residents like Kevin Collins.
"We don't have to be ashamed to invite people over,” he said. “We can have guests, barbecues, we can be proud to come into our places."Sign up for NBC Bay Area’s Housing Deconstructed newsletter. The development focuses on low-income residents, and young adults who have just left the foster care system. It comes at a time when the local housing market is stagnant.
"They're going to have an opportunity to go to school, and their children will go to high-resource schools, and have a wonderful backyard to enjoy,” said Supervisor Sylvia Arenas. Zillow says new listings are down by nearly a quarter, thanks to high prices and mortgage rates. Over the last month, that scarcity has lifted prices across the Bay Area.
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