Author: Agggregated News

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, a drop of nearly $12,000, in the first quarter of 2024 compared to the same time a year ago. Ocala, meanwhile, saw a more than 51 percent fall. [Source: Newsweek]…

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 in the five-county Bay Area were down last year, dropping 10% to 16,535 from 18,457 the year prior, according to data from California’s housing department. Here are five charts that…

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 in the five-county Bay Area were down last year, dropping 10% to 16,535 from 18,457 the year prior, according to data from California’s housing department. RELATED: The Bay Area’s building boom…

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 ground on two other buildings nearby — a 27-story apartment complex just next door and a mid-rise on Piedmont Avenue. But as it happens, this project could be his last…

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 ground on two other buildings nearby — a 27-story apartment complex just next door and a mid-rise on Piedmont Avenue. But as it happens, this project could be his last…

Fort Worth, Texas, surpassed San Jose in population last year, as the Bay Area’s biggest city continued its pandemic era shrinking. San Jose’s estimated 970,000 people, down from around 1 million before the pandemic, was narrowly behind Fort Worth’s 978,000 as of July 2023, according to census data released this week. Since the pandemic, San Jose dropped from the 10th largest U.S. city to the 13th, also behind Austin, Texas, and Jacksonville, Fla. Fort Worth, which is west of Dallas, added around 21,000 people between July 2022 and July 2023, the…