California

Home Mortgage Payments in Many California Cities Cost Much More Than Rent

Home Mortgage Payments in Many California Cities Cost Much More Than Rent
A woman poses with her dog outside her house in San Jose, Calif., on Jan. 15, 2016. Marcio Jose Sanchez/AP Photo
Jill McLaughlin
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Booming housing prices in several California cities have far outpaced rental prices, according to a new analysis by real estate brokerage Redfin.

“It probably doesn’t come as a surprise that there are virtually no homes in the [San Francisco] Bay Area that are cheaper to buy than rent,” the national real estate company reported May 19.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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