Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
A buyer snapped up 202 Emerson Street in an all-cash deal for a cool $1.6 million, which included the bars on the front door, cracks in the foundation and some missing bricks on the 1,100 square foot home. The house is also just steps from noisy Caltrain tracks.
On Monday, a house in the East Bay town of Alamo was being prepped to go on the market for nearly $1.5 million. To really showcase the home and its view of Mt Diablo, the realtors brought in a drone.
With soaring real estate prices, and little supply of homes to occupy, East Palo Alto is considering allowing homeowners to let people live in their garages and storage buildings.
San Francisco Mayor Ed Lee has come to the defense of the city’s technology industry, saying the job growth in the tech sector should not be blamed for skyrocketing rents in the city.
Responding to a lack of affordable housing in San Francisco, Mayor Ed Lee announced an executive order putting construction of new units on the fast track. The move comes amid protests over an increasing number of evictions under the state’s Ellis Act.
Home sales in the Bay Area and California slid last month amid tight supplies, while prices held steady, a research firm said Tuesday.
San Francisco currently has the highest average rent in America. Meanwhile, real estate speculators are cashing in on the boom by snapping up buildings and evicting longtime tenants.
Amid increased tensions between many long-time San Francisco residents and the technology industry, Mayor Ed Lee plans to meet with tech sector leaders on Monday afternoon.
A San Jose home that was abandoned for years before being gutted in a fire has sparked a bidding war. Potential buyers told KPIX 5 that they are ready to pay more than the $399,000 asking price.