A record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, a research firm said Thursday, another sign that affording a place to live is a growing challenge for anyone who isn’t tied to the booming technology economy.
San Francisco’s real estate market is sizzling hot, but a tiny home is leaving some neighbors feeling like the market has been overcooked.
San Francisco Bayview-Hunters Point Real Estate Prices Soaring; $100,000 Over Asking Price Is Common
One of the most economically disadvantaged neighborhoods of San Francisco is seeing home prices soar as it joins the current real estate boom.
Real estate website operator Zillow is buying competitor Trulia, which has its headquarters in San Francisco, in a $3.5 billion all-stock deal.
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.
As if things weren’t changing fast enough in Silicon Valley’s real estate market, the new Levi’s Stadium is shifting things into overdrive. The 49ers have yet to take the field in their new home, but the gold rush is already on in the neighborhoods surrounding the new park.
The latest residential data shows key indicators in housing are mixed. The market is said to be recovering, but not yet recovered.
In his Bubble Watch blog post, Jed Kolko writes that while national prices among the top 100 markets are 3% undervalued, that’s not the case in most California markets. All three Bay Area Cities included in the survey, San Jose (6th most overvalued), Oakland (7th) and San Francisco (10th). The value determination is found by comparing current prices with historic values, income and rents.
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.
New data on the Bay Area housing market indicates a sharp increase in home values paired with higher rents across the region.