Real Estate

SF apartment rentals on Craigslist. (CBS)

Think Bay Area Rent Is High? Rents Are Rising Everywhere Faster Than Inflation, Experts Say It’s Going To Get Worse

The average U.S. rent has climbed 14% to $1,124 since 2010. That’s four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period.

04/14/2015

A mummified body was found inside this home in San Francisco's Inner Richmond. (CBS)

Hoarder’s Home That Contained Mummified Corpse Likely To Sell For More Than $2 Million

So how sad a story is too sad for a house to sell? When it comes to how desperate Bay Area home buyers have become – this house is still a gem. And speculators know it.

04/10/2015

The Honeymoon Cottage in Larkspur. (CBS)

Larkspur Teardown Known As ‘The Honeymoon Cottage’ Sells For Almost $500K

When the old, dilapidated house known as “The Honeymoon Cottage” hit the market in Larkspur last year, everyone was certain it would be a total teardown.

04/08/2015

YouTube parody about San Francisco housing challenges (Photo from Chris Severn's YouTube video)

YouTube Parody Video Is Final Hope For Pair Unable To Find SF Housing

Faced with square footages in the triple digits with rents approaching five digits, a pair of health care consultants grabbed a banjo, a video camera and some kitschy lyrics and uploaded the result YouTube to lament and possibly land a sweet new pad.

04/08/2015

2724 Pacific Avenue

Pacific Heights Mansion Sells For Nearly $24 Million; SF’s Most Expensive Sale In 2015

One of San Francisco’s priciest listings is no longer for sale. The 13,500 square foot Queen Anne mansion at 2724 Pacific Avenue just sold for $23,889,000.

03/26/2015

SAN RAFAEL, CA - MAY 17:  Real estate agents arrive at a brokers tour (Photo by Justin Sullivan/Getty Images)

What Does A Career In Real Estate Involve?

The housing market is crazy here in the Bay Area, so a career in real estate may be a good fit. CBS News Business Analyst Jill Schlesinger on the new hot job. (3/25/15)

03/25/2015

Bel-Air

Silicon Valley Techies Ditch Pricey Bay Area, Head South To Buy Mansions, Pied-A-Terres For Less

Los Angeles real estate agent Tami Pardee says tech buyers from Silicon Valley make up about 10 percent of her current clients. “They’re buying second homes — or third or fourth homes.”

03/21/2015

(CNN)

Struggling Single Mom Of 2 Rents San Mateo Garage For $1,000 A Month

One mother in San Mateo says rent’s so expensive in her city all she can afford is a garage.

03/05/2015

Artist's rendering of a $49 penthouse for sale at the Lumina high-rise in San Francisco. (CBS)

$49 Million Penthouse Breaking San Francisco Real Estate Records

A massive penthouse condo atop a luxury high-rise in San Francisco’s South of Market is being offered for a whopping $49 million, shattering local real estate records.

02/27/2015

Apartments in San Mateo County. (CBS)

San Mateo County Examining Rent Control Ordinance Amid Skyrocketing Rents

County leaders said the recent tech boom has brought more jobs to the area, and the demand for housing has skyrocketed.

02/26/2015

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