Category: Uncategorized
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Mountain View sees highest property value growth in Santa Clara County
Property tax assessments are rising quickly in Santa Clara County cities, driven by major tech companies. Mountain View leads with the highest property value growth, followed by Santa Clara. Despite the increase, there are fewer residential transactions and challenges in the commercial real estate market. Google canceled a large office project in Mountain View, reflecting…
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California: Prices Drop in 7 out of 11 Major Cities | A Real Estate Professional serving Silicon Valley since 1993
Good news for renters in California: Rents are decreasing in 7 out of 11 major cities yearly, even as national rents rise.Big drops in key markets: Oakland and Sacramento saw the most significant declines, with rents falling over 8%.
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Optimism Abounds in CA Housing Market | A Real Estate Professional serving Silicon Valley since 1993
The CA housing market shows medium to long-term optimism. Population growth and a strong desire among renters to buy homes are boosting housing demand.
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CA Housing Bill Unites NIMBYs and YIMBYs | A Real Estate Professional serving Silicon Valley since 1993
A new California bill proposes converting vacant office buildings into housing to address the housing shortage. The bill offers faster approvals, tax credits, and fee exemptions to incentivize conversions.
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California Housing Market: Nearly $174,000 Needed to Buy a Home
California's housing market is one of the nation's priciest, with a median home price of $730,000. To afford this, a household needs an annual income of around $173,934. In cities like San Jose, where median prices reach $1.88 million, the required income jumps to $337,000. Additional costs like mortgage interest, PMI, property taxes, homeowner's insurance,…
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California Housing Market Heats up Again | A Real Estate Professional serving Silicon Valley since 1993
Southern California home sales jumped 8.7% yearly, and the statewide median home price exceeded $900K for the first time.This shows increase 11.4% yearly and increase 5.8% monthly.
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Home Prices Soar 11.9%
The San Francisco Bay Area housing market saw a significant 11.9% price increase in May 2024 compared to the previous year. Different counties experienced varying trends, with notable jumps in prices and sales in counties like Santa Clara and San Mateo. Factors like limited inventory and high demand from tech professionals are driving the price…
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Happy Fourth of July | A Real Estate Professional serving Silicon Valley since 1993
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…
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California Housing Crisis: Court Ruling to the Rescue? | A Real Estate Professional serving Silicon Valley since 1993
California struggles to build enough housing, especially affordable options. High construction costs are a major factor, including: – Building materials – Government regulations – Impact fees
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Salary You Need to Buy a California Home in 2024 | A Real Estate Professional serving Silicon Valley since 1993
Average home price is ~$785K, reflecting the state's expensive real estate market. Requires ~$157K down payment, indicating significant upfront costs.