According to new research, published in Forbes, renters in the metropolitan area of San Francisco, Oakland and Fremont are in a sweet spot if they are contemplating taking the plunge and becoming homeowners.
Read more about it on my Block post today.
Posts under ‘Real-estate news’
Renters: Time to Bite the Bullet and Buy
What the Median Priced Home Looks Like: East Bay
It could look like the contemporary apartment on the Oakland-Emeryville border pictured above, which his priced at $379,000, a tad under the current median price paid for a Bay Area home which last month was $387,000.
For more details, head on over to the Block.
Suddenly this Summer: Signs of Life
So, just like that, change is in the air.
A Realtor reports that seven homes in her Berkeley patch each drew an average of five offers each in the past month. Another agent has just closed over asking on a $640K house near Oakland’s Piedmont Avenue after entertaining multiple offers.
“For Sale” signs are being replaced with [...]
So this Recovery Thing? True or False?
There’s been a lot of talk recently about the housing market turning the corner, as well as the economy more generally showing signs of recovery.
Most of the latest data shows home prices beginning to stabilize and even rise in the Bay Area. And anecdotal evidence in Berkeley, at least, certainly suggests some improvement, with some [...]
Bargain Oakland Home Finds its Price
This just in: 5230 Cochrane Avenue in upper Rockridge — a home I identified as being perhaps the best deal in Oakland after its $1,725,000 price tag was slashed to $1,349,000 — has by all accounts been sold for… wait for it… $1,130,000. (Hat-tip reader Rich for the alert).
The 4/3.5 contemporary hit the MLS in [...]
Bay Area Home Prices Rewind Seven Years
It’s a data-rich time in the real-estate market with reports on the state of the housing crisis coming in thick and fast.
The S&P/Case-Shiller Home Price Indices (HPI) has just released its latest numbers which cover the two months since November 2008. And the picture for the San Francisco Bay Area is not pretty.
Year on year, [...]
Tuesday Snippets
Most outrageously priced home in the East Bay? Perhaps it’s 3045 Marina Drive in Alameda (above) recently listed at $1,122 per square foot ($1,795,000 in total). Read one stunned reaction here.
Who’s the dirtiest of them all? See the addresses of the “12 chronic sites” Berkeley’s Problem Properties team would like to see cleaned up.
It’s official: [...]
Berkeley’s “Dirty Little Secret” Back in the News
Coverage of the controversial Pacific Steel Casting plant in West Berkeley — and the extent to which it might be producing harmful pollution for its neighbors — has been hotting up.
While one judge has overturned a previous Berkeley Small Claims Court ruling in favor of several Pacific Steel Casting neighbors, in a separate action a [...]
Link Love: Best From the Wires
Turn your swimming pool into a granny flat [BldgBlog]
Berkeley home prices up 7% on last month [Yahoo.com]
New listing: 526 Merritt Ave, a 5/2 Tudor at $659,000. [Redfin]
George W. snags a 123% loan-to-value mortgage [Portfolio]
Oakland neighborhood councils unite [Today in Montclair]
Chinese Eye San Francisco for Real Estate Deals
While San Francisco real estate may still be out of reach to the majority of Bay Area residents, recession or no recession, a number of Chinese investors believe there are bargains to be had in the city and they are planning to come on over and seek them out, according to a piece in today’s [...]