Testimonials for Blog

    The San Jose metropolitan area posted the nation’s steepest year-over-year plunge in the number of homes for sale in October — falling by a precipitous 51.6 percent. With buyers competing for so few listings, San Jose also posted the nation’s sharpest year-over-year rise in the median cost of a home: up 19.2 percent to $1,049,000. That’s according to a new analysis by Redfin, which analyzed 74 U.S. housing markets with populations of 750,000 or more. Nationally, the home supply shrank for the 25th consecutive month, down 12.2 percent from a year earlier. “Buyers are just flocking from one property to

WASHINGTON – House Republican leaders on Thursday proposed legislation that would overhaul the U.S. tax code and jettison numerous tax breaks that Americans and businesses have used for years to limit their taxable income. The release of the proposals launched into motion a frantic political effort that could impact almost every American. In a number of cases, the tax plan cuts back on tax benefits for families and individuals while expanding tax benefits for companies. The Tax Cuts and Jobs Act would lower the corporate tax rate from 35 percent to 20 percent and collapse the seven tax brackets paid

A shortage of homes for sale combined with strong demand continued to push up Bay Area home prices last month, and the situation is only going to get worse in the North Bay when those displaced by the wildfires seek new housing. The inventory shortage is statewide but “particularly acute in the Bay Area,” the California Association of Realtors said in news release. On Friday, CoreLogic reported that the median price of new and existing single-family homes and condos in Bay Area hit $739,000 in September. That was up 13.7 percent from September 2016, the largest yearly gain for any month

  Late Sunday evening, Russel Lee was relaxing on his deck in Santa Ana, CA, drinking a glass of wine. Then he smelled the smoke. He checked the local police scanner app on his phone and learned that wildfires blazing out of control were moving in on his four-bedroom townhouse in Southern California’s Orange County. The 63-year-old real estate agent and his wife, an artist, dug out their three cat carriers and frantically began packing some clothes, valuables, and important paperwork. At around 1 a.m., the police came banging on the door, yelling: “Get out now!” The Lees made it to a makeshift emergency shelter at the local veterans

San Francisco’s role as the center of the American technology industry could be changing. Skyrocketing real estate prices, along with other employment and other demographic trends, are forcing tech companies and workers alike to reconsider the attractions of living in the City by the Bay. Recent Census data for 2016 shows that several of California’s most tech-friendly cities, including San Francisco, Los Angeles, and San Diego are all showing net out-migration, or more people are leaving the area than coming in. And these aren’t the only U.S. cities losing population. Census data also shows more people leaving Chicago and New York than

The median price of a single-family home rose 7.2 percent year-over-year to $565,330 in California, its highest level in a decade, while the median price climbed 17.9 percent to $1,150,000 in Santa Clara County, according to a new report. This small ranch-style house in Sunnyvale’s Washington Park neighborhood recently sold for $1,831,000 — $433,000 over the listing price. The supply of available homes is shrinking across California, as prices surge and the affordability crisis deepens as a statewide concern. In August, the median price of a single-family home rose 7.2 percent year-over-year to $565,330 in California, its highest level in

California may be easing into a soft landing with signs of “ebbing optimism” among developers on the three-year outlook for the state’s commercial and multifamily real estate markets. The new Summer/Fall 2017 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey indicates slower growth ahead in office, retail, and industrial. One of the goals of the survey, which is now in its tenth year, is to address “turning points” in the market, says Jerry Nickelsburg, director of the UCLA Anderson Forecast. “What is significant about the latest survey is that we are now seeing the turning points in most aspects of commercial

Perusing online real estate listings can be nothing less than addictive. We’ve all spent time scouring the internet, ogling homes for sale that we don’t intend—or can’t afford—to buy. Because it’s fun! But would you ever hop in the car and go look at a house in person, even if you’re not at all ready to make an offer? Before you dismiss the idea, consider what you stand to gain by turning house hunting into an extracurricular activity. Sure, it might seem nosy at first—and we’re certainly not encouraging you to be a straight-up looky-loo. But regardless of whether buying or selling is in your

Despite 2016’s general loss of inertia, Paragon Real Estate Group now reports that the price of a house in San Francisco is up to a median of $1.4 million in the first half of 2017. Paragon economist Patrick Carlisle notes that in 1996 the same price was a mere $274,000, although according to the Bureau of Labor Statistics’ inflation formula that comes out to nearly $434,700 in today’s currency. At the time that was double the national average. But in the first half of 2017 Paragon calculates the median price of a house in the United States as $240K, just less than

Since 2012, Bay Area home prices have increased an average of 72%, based on market research conducted by Paragon Real Estate Group. It cited dwindling affordability as a symptom of an overheating market. The median Bay Area home price hit a record $755,000 in May, the third consecutive monthly record, according to the data analytics firm CoreLogic. However, there was a slight decrease in home prices between April and May. Median home prices rose 3.1% in Alameda County between May 2016 and May 2017, but declined 1.1% between April and May of this year, according to CoreLogic. In Contra Costa County, home