Thinking of buying a home in the Bay Area? You’ll need to make at least $250,000 a year to comfortably afford it. That’s by far the highest homebuyer salary necessary anywhere in the country, and more than triple the average required nationwide income of $75,000 a year, according to a recent report by mortgage data website HSH.com. The Bay Area real estate market has long been among the most expensive in the world, and owning a home in the region has become out of reach for even more buyers during the pandemic. Over the past two-plus years, home values in the Bay Area and across the country so...
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