San Francisco-San Mateo-Redwood City, CA (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the San Francisco-San Mateo-Redwood City, CA area, home prices have been increasing steadily over the past few years. The Federal Housing Finance Agency's house price index shows that prices in the area increased by 5.3% from 2016 to 2017, and are predicted to increase by another 4.5% in 2018. This is good news for homeowners with equity in their homes, as their equity will also increase along with home prices.

However, there is a downside to this trend: it is becoming increasingly difficult for first-time homebuyers to afford a home in the San Francisco-San Mateo-Redwood City area. The median sales price of a home in the area was $1,380,000 in 2017, and is only expected to rise in 2018. This makes it very difficult for people who do not already own a home to purchase one.

Rents have also been increasing steadily in the San Francisco-San Mateo-Redwood City area over the past few years. The average rent for an apartment in the area increased by 3% from 2016 to 2017, and is predicted to increase by another 2% in 2018. This makes it difficult for renters to save up enough money for a down payment on a home of their own.

The combination of rising home prices and rents makes it difficult for many people who want to live in the San Francisco-San Mateo-Redwood City area to do so. It is becoming increasingly difficult for people without a lot of money or equity to afford a place to live here.