Category: New Home Builders

New numbers from the California Association of Realtors show the median price for a South Bay home is now $1.8 million, a 20% jump in one year. In San Francisco, the median home costs $1.6 million, which is also a jump over last year. Local realtors said sellers are starting to move past concerns over high mortgage rates and focusing instead on the high return they can get for their houses. The shift means higher home prices and a wider gap between buying and renting in the Bay Area. NBC…

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The Woodlands neighborhood in Walnut Creek has become one of the hottest real estate markets in the Bay Area. Jessica Christian/The Chronicle Susan Antolin didn’t expect to end up deep in Contra Costa County when she was being priced out of her San Francisco home 27 years ago. She and her husband had thought about moving to Berkeley. But the only homes they could afford there were too small for the couple and their two young children. And they were already being priced out of their home in San Francisco’s Sunset…

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SAN FRANCISCO (AP) — A former employee of Caltrain, a mass transit system that connects Silicon Valley with San Francisco, and a former contractor for the transit agency allegedly used public funds to build two small apartments for themselves inside two train stations, authorities said Thursday. San Mateo County prosecutors charged Joseph Vincent Navarro, a former deputy director for Caltrain, and Seth Andrew Worden, a former employee of TransAmerica Services Inc., with a felony charge of misusing public funds, the Mercury News reported.Navarro and Worden didn’t immediately answer emails from…

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A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. The housing market could be a little friendlier to home buyers and renters in 2024. (Photo by Justin Sullivan/Getty Images) Real estate agent Julie Wyss knows that buyers are getting desperate to get their hands on a home, because even some of her less desirable listings are receiving offers over asking. Just last week, she sold a San Jose condo built in 2008 that overlooks the freeway for $60,000…

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Real estate agent Julie Wyss knows that buyers are getting desperate to get their hands on a home, because even some of her less desirable listings are receiving offers over asking. Just last week, she sold a San Jose condo built in 2008 that overlooks the freeway for $60,000 more than the listing price. “It’s not even cute,” joked Wyss, who works mostly in the region’s largest city. “The agent who wrote the offer was basically begging.” Home sales across the nine-county Bay Area rose 25% in February from the…

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HONOLULU — A woman who purchased a vacant lot in Hawaii was surprised to find out a $500,000 house was built on the property by mistake. She’s now mired in legal wrangling over the mix-up. Annaleine “Anne” Reynolds purchased a one-acre (0.40-hectare) lot in Hawaiian Paradise Park, a subdivision in the Big Island’s Puna district, in 2018 at a county tax auction for about $22,500. MORE: Airbnb tenant escorted by police from Los Angeles home after not paying rent for over a year She was in California during the pandemic…

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