Bay Area Real Estate
Some of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
It’s not unusual to hear about new million dollar homes being built in the Bay Area. But the building of 10 homes with a starting price above $4 million is causing a stir among residents worried it could change the community’s character.
Artist Rick Kitagawa and studio owner Solange Gabrielli worry that San Francisco will lose its reputation as a haven for entertainers, artists and colorful characters priced out of the city by soaring housing costs.
On Monday, Marin County will hold the first of three public hearings on low-income housing. Many homeowners are concerned about what could happen to their property values.
Empty lots will soon turn into Newark’s first new housing in years. But most people will be priced out, and city leaders may prefer it that way.
After a year of being beat out on every San Francisco property they bid on, a family switched realtors and bought a house that wasn’t for sale.
Realtors are using the words “overbid madness” to describe what’s happening in San Francisco’s housing market. One case in point is a home that was sold hundreds of thousands above the asking price.
Real estate website Zillow released a report Monday night that shows home prices in dozens of Bay Area cities have hit pre-recession levels. Experts said prices are likely to keep going up for the foreseeable future.
Some long-time renters in San Francisco say they’re being illegally evicted by landlords trying to empty apartments for the sole purpose of renting out units for a higher price on Airbnb.
Abandoned gas stations are being cleaned up to satisfy San Francisco’s frenzied demand for housing. Ken Bastida reports for KPIX 5.