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Real Estate

(CBS)

Garage Living May Become New Silicon Valley Reality

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.

12/27/2013

A sign advertising an apartment for rent is displayed in a window in San Francisco. (Justin Sullivan/Getty Images)

SF Mayor Disputes Link Between Soaring Tech Sector, Rising Rents

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.

12/19/2013

A sign advertising an apartment for rent is displayed in a window in San Francisco. (Justin Sullivan/Getty Images)

SF Mayor Addresses Lack Of Affordable Housing With Construction Push

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.

12/18/2013

San Francisco Real Estate

Bay Area, California Home Sales Drop In November

Home sales in the Bay Area and California slid last month amid tight supplies, while prices held steady, a research firm said Tuesday.

12/17/2013

A sign advertising an apartment for rent is displayed in a window in San Francisco. (Justin Sullivan/Getty Images)

KCBS Cover Story Series: Through The Roof – Tech Influx Hikes SF Rents

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.

12/16/2013

hi tech generic, laptop, technology

Phil Matier: Mayor Ed Lee Tries To Defuse City’s Growing Class Conflict

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.

12/16/2013

This home on South Seventh Street in San Jose was heavily damaged in a fire in 2012. It has been placed on the market for $399,000. (CBS)

Abandoned, Burned Out San Jose Home Sparks Bidding War

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.

12/12/2013

A sign advertising an apartment for rent hangs from a fire escape in front of an apartment building July 8, 2009 in San Francisco, California. As the economy continues to falter, vacancy rates for U.S. apartments have spiked to a twenty two year high of 7.5 percent, just short of the record high of 7.8 percent set in 1986. (Photo by Justin Sullivan/Getty Images)

SF Supervisor Proposes 2 New Affordable Options For Tenants

San Francisco Board of Supervisors’ President David Chiu is seeking affordable housing options for tenants with two proposals. One deals with Ellis Act evictions and the other with in-law units.

11/26/2013

A sign advertising an apartment for rent is displayed in a window in San Francisco. (Justin Sullivan/Getty Images)

Assemblyman Ammiano To Propose Ellis Act Revisions For SF

State Assemblyman Tom Ammiano is bringing legislation to Sacramento which could change the Ellis Act—the provisional law that has been used as a method for tenant evictions in San Francisco.

11/22/2013

A sign advertising an apartment for rent hangs from a fire escape in front of an apartment building July 8, 2009 in San Francisco, California. As the economy continues to falter, vacancy rates for U.S. apartments have spiked to a twenty two year high of 7.5 percent, just short of the record high of 7.8 percent set in 1986. (Photo by Justin Sullivan/Getty Images)

SF Supervisors Discuss Alarming Ellis Act Eviction Rates With City Tenants

Tenants advocates in San Francisco want the Board of Supervisors to do more about the number of evictions in the city.

11/15/2013

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