Author: Agggregated News
Bay Area home prices at highest levels since summer 2022 – East Bay Times
Homebuyers could be forgiven for thinking it was 2022. As of March, the median sales price of a home in the nine-county Bay Area was $1.39 million, according to new data from the California Association of Realtors. That brings prices back up to levels last seen two years ago, and marks a 15.5% increase from this time last year — the biggest spike among California’s regions. It’s a sign that prices have recovered from the dip they took during the fall of 2022, following the Federal Reserve’s interest ratehike that…
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Chart: How much more will it cost you to own vs. to rent a home in the South Bay – The Mercury News
Not surprisingly, California cities rank high in a new list of places where it is cheaper to rent vs. to own a starter home. San Jose-Sunnyvale-Santa Clara, Calif. ranked number six on the list behind San Francisco-Oakland-Berkeley, Calif. (4) and Los Angeles-Long Beach-Anaheim, Calif. (5), according to the Realtor.com study. Austin-Round Rock, TX took the top spot. In the South Bay, the median rent on a starter home was $3,206 in February 2024 compared to the median mortgage cost of $5,986, according to the study. That is a whopping 86.7…
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Chart: How much more will it cost you to own vs. to rent a home in the Bay Area – East Bay Times
Not surprisingly, California cities rank high in a new list of places where it is cheaper to rent vs. to own a starter home. San Jose-Sunnyvale-Santa Clara, Calif. ranked number six on the list behind San Francisco-Oakland-Berkeley, Calif. (4) and Los Angeles-Long Beach-Anaheim, Calif. (5), according to the Realtor.com study. Austin-Round Rock, TX took the top spot. In the South Bay, the median rent on a starter home was $3,206 in February 2024 compared to the median mortgage cost of $5,986, according to the study. That is a whopping 86.7…
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Sale pending homes outnumber ones on the market in the South Bay – NBC Bay Area
Houses for sale are getting harder to come by in the Bay Area’s biggest county. New numbers show the amount of homes with sale pending in Santa Clara County outnumber the homes that are on the market. The low inventory means prices will remain high for the foreseeable future. MLS, which tracks homes for sale, shows that 621 homes are for sale in the county. By contrast, 759 show as sale pending. “It’s rare, but it’s been very consistent where the demand has been very high,” Keller Williams Silicon City…
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Four Bay Area properties awarded 3 ‘Keys’ from new Michelin hotel guide – The Mercury News
A tree house room at the Post Ranch Inn in Big Sur. By Nikki Ekstein | Bloomberg Last year, when World’s 50 Best issued its first global ranking of hotels, only two properties in the US made the cut: the Equinox and Aman New York hotels, both in Manhattan. Now Michelin has arrived stateside, in its second-ever presentation of “keys”—a new system from the eponymous tiremaker that’s doling out one, two or three key emblems, like its restaurant stars but to the world’s worthiest hotels. Out of more than 1,000…
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California Law Letting Property Owners Split Lots to Build New Homes Is ‘Unconstitutional,’ Judge Rules – KQED
Charter cities have special privileges under the state Constitution, Lee said, including the right to enact their own laws. When the state Legislature wants its laws to apply to those charter cities, Lee said lawmakers have to demonstrate the law addresses a statewide concern. In his decision, Judge Curtis Kin said the Legislature didn’t do that in this case. Specifically, SB 9 says its purpose is to “ensure access to affordable housing.” Lee and her colleagues argued that “affordable housing” means something very specific: below-market-rate, deed-restricted housing. Since the law…
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