Category: New Home Builders

Cal Fire Division Chief Rich Sampson walks through an area of Pescadero Creek County Park near La Honda, Calif., Thursday, April 25, 2024, still showing the scars of the 2020 CZU Fire. The area along Old Haul Road Trail is scheduled for a fire protection thinning project this summer. (Karl Mondon/Bay Area News Group) It’s been nearly four years since the CZU Lightning Complex Fire raged through the Santa Cruz Mountains, destroying 911 homes, devastating Big Basin Redwoods State Park and blackening 86,500 acres — an area three times the…

Read More

Real Estate advisor Teresa Baum sets out signage before an open house event on Thursday, April 25, 2024, in Oakland, Calif. (Aric Crabb/Bay Area News Group) 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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

Meridian Apartments, a four story, 90-unit affordable housing development on Mathilda Avenue in Sunnyvale, Calif., celebrated its grand opening, Tuesday, April 23, 2024. (Karl Mondon/Bay Area News Group) Sunnyvale is now home to 90 units of new affordable housing. Local government and community housing leaders gathered on Tuesday for the grand opening of Meridian, which consists of seven townhomes facing Charles Street and a four-story multifamily building facing Mathilda Avenue, located near W. El Camino Real. A quarter of the units are set aside for households with people with intellectual…

Read More

Read More

(Republic Urban Properties) Station 16 Apartments at 126 North Rollins Road in Millbrae. MILLBRAE — A big transit-oriented development has landed a crucial loan that will buoy the financial fortunes of a residential complex next to a BART station, the project’s developer said. Station 16 Apartments, located near the Millbrae BART station, landed financing to replace a previous construction loan for the apartment complex, according to Republic Urban Properties, the developer of the residences. The apartment complex consists of 320 market-rate units. “Despite the current challenges in the commercial real…

Read More