Real Estate
Richmond Considers Eminent Domain As A Path To Home Loan Restructuring
Despite rising home prices in much of the Bay Area, many home buyers are struggling to wade out from their underwater mortgage – prompting some Richmond city leaders to attempt a unique tactic to provide mortgage relief.
California Home Prices Up 26 Percent In May, Reach 5-Year High
California home prices surged to their highest level in more than five years last month as demand outpaced a thin supply of properties, a research firm reported Thursday.
Parking Spot Sells For $82K In San Francisco Building
The 8- by 12-foot parking space is in an enclosed garage in a condominium building. The spot in the city’s trendy South Beach neighborhood sold last week for $82,000.
Californians Wrongfully Foreclosed On Receiving $1,500 Checks
More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general’s office said Tuesday.
Real Estate Speculators Plea Guilty To Bid-Rigging Bay Area Foreclosure Auctions
More than four dozen real estate speculators and two companies have been charged with illegally fixing foreclosure auctions in three states by bid-rigging. Several were operating in the Bay Area.
Builders Can’t Keep Pace With Demand As Bay Area Housing Booms Again
New townhome projects continue at a rapid pace in Sunnyvale, where home construction can barely keep up with demand as Bay Area home values rise.
SF, SJ Among Top 10 Cities For Renting Rather Than Buying A Home
You’ve been told time and time again that buying a home is a better financial option than renting. But that’s not true everywhere.
Monthly Bay Area Home Prices Soar At Fastest Rate On Record
A research firm says the Bay Area’s median home price surged 17 percent in just one month, to pass the half-million dollar mark for the first time in five years.
Home Prices Rise 10.5 Percent In Biggest Gain Since 2006
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
Compromise Plan For SF Condo Conversions Moves Forward, May Benefit Affordable Housing
San Francisco Board of Supervisors’ Land Use Committee has approved a compromise plan dealing with condo conversions that’s making affordable housing advocates happy if the full board decides to pass it.
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