San Francisco and San Jose are considered the hottest housing markets in the nation, which is really nothing new. Of more significance, a grouping of further-out Bay Area cities, along with Sacramento submarkets are being labeled as top housing markets. According to Realtor.com, the Vallejo-Fairfield, Santa Rosa, Yuba City, Stockton and Modesto markets all ranked in the top 15 nationally during December. San Francisco, San Jose and Vallejo were ranked Nos. 1 through 3.
- The five hot Northern California submarkets all have median home prices below $500,000.
- Eight of the nation's 15 hottest housing markets are in Northern California.
- Housing costs in San Francisco, San Jose and the East Bay seem to be pushing buyers further out.