Month: May 2024

California’s housing market is back in business! April saw a significant resurgence, with both monthly and yearly sales figures climbing. According to the California Association of Realtors (C.A.R.), the statewide median home price hit a record high, surpassing $900,000 for the first time. C.A.R. President Melanie Barker highlights the market’s strength, crediting buyers and sellers for adjusting to the new… Read More

Florida down payments plunge as people rush to sell houses Cities in Florida saw some of the largest declines in down payments for home purchases at a time when homeowners in the state are highly motivated to sell, according to an analysis by Realtor.com. The Palm Bay-Melbourne-Titusville area of the state saw the median down payment plunge nearly 41 percent,… Read More

Construction work is done on a new building on South First St. and East Reed Street in downtown San Jose, Calif., on Thursday, May 16, 2024. (Shae Hammond/Bay Area News Group) Following two years of steady growth, housing construction across the Bay Area dipped in 2023, as developers reckoned with the increased costs of borrowing, labor and building materials. Permits… Read More

Construction work is done on a new building on South First St. and East Reed Street in downtown San Jose, Calif., on Thursday, May 16, 2024. (Shae Hammond/Bay Area News Group) Following two years of steady growth, housing construction across the Bay Area dipped in 2023, as developers reckoned with the increased costs of borrowing, labor and building materials. Permits… Read More

Andy Ball of the oWOW development company tours the 236 unit apartment complex his organization is building at 1510 Webster Street on Wednesday, May 15, 2024, in Oakland, Calif. (Aric Crabb/Bay Area News Group) This summer, developer Andy Ball expects to finish construction on a 19-story tower in downtown Oakland. If he had it his way, he’d also be breaking… Read More

Andy Ball of the oWOW development company tours the 236 unit apartment complex his organization is building at 1510 Webster Street on Wednesday, May 15, 2024, in Oakland, Calif. (Aric Crabb/Bay Area News Group) This summer, developer Andy Ball expects to finish construction on a 19-story tower in downtown Oakland. If he had it his way, he’d also be breaking… Read More