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Tag: real estate

Silicon Valley Has Nation’s Highest Rents

April 16, 2013 | 2:47 pm

Silicon Valley Has Nation’s Highest Rents

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It comes as no surprise to anyone who has tried to find an apartment in Silicon Valley. But in case you had any doubt, the U.S. Census Bureau confirmed on Tuesday that rents there are the highest in the country. The Census says that its 2011 American Community Survey found the estimated “gross median rent” […]

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Does Your Bay Area Neighborhood Have a High Wells Fargo Foreclosure Rate?

March 12, 2013 | 11:52 am

Does Your Bay Area Neighborhood Have a High Wells Fargo Foreclosure Rate?

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California is still struggling to get back on its feet after a devastating housing crisis. And Wells Fargo is partly to blame for the sluggish recovery because it is refusing to modify home loans, according to a coalition of homeowners groups. By foreclosing on homeowners who can’t make their payments, the San Francisco-based bank will […]

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West Oakland: Bubble, Burst, Rebirth

December 17, 2012 | 11:07 am

West Oakland: Bubble, Burst, Rebirth

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Marilyn Reynolds bought her West Oakland home in 2001 for $600,000. In 2010, after her husband’s work dried up and they split up, she was forced to sell it for $180,000 – to avoid foreclosure. Reynolds isn’t alone. Today, new businesses and families from the suburbs are moving in and changing the social landscape. Can […]

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Want a Job? Look at Tech in San Francisco

August 28, 2012 | 1:07 pm

Want a Job? Look at Tech in San Francisco

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(Bay City News) While much of the state and the country grapples with joblessness, San Francisco is seeing growth in Internet and biotech jobs, according to new data released by San Francisco County Assessor-Recorder Phil Ting. Ting’s data suggests that 21st Century jobs are growing in San Francisco neighborhoods such as South of Market, South […]

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August 16, 2012 | 8:14 am

A.M. Splash: Mirkarimi Report Due; Bay Area Housing Prices Up; Lawsuit Filed in Chevron Fire; Memorial Stadium Opens; Brown Twins Separated

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Dueling sheriff rallies (SF Chronicle) The next round of the official misconduct case against suspended San Francisco Sheriff Ross Mirkarimi begins at 9 a.m. Thursday in a City Hall hearing room when the Ethics Commission reconvenes to recommend whether to uphold the charges brought by Mayor Ed Lee. There, at the onset, commissioners and City […]

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Homeowners With Underwater Mortgages May be Stuck for Years

July 27, 2012 | 9:58 am

Homeowners With Underwater Mortgages May be Stuck for Years

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Although foreclosures in the state have hit a five-year low, real estate experts say millions of Californians who owe more on their homes than they are worth might not see their situation improve for years. β€œIt’s a huge drain on the economy,” said Dean Baker, co-director of the Center for Economic and Policy Research, a […]

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California Legislature Approves Homeowners Protections

July 2, 2012 | 1:59 pm

California Legislature Approves Homeowners Protections

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California stepped out in front of the nation once again as the state Legislature voted overwhelmingly on Monday to give new rights to homeowners facing foreclosure. The legislation is largely based on a settlement that California Attorney General Harris helped negotiate with large lenders accused of defrauding homeowners. “I think we all should feel very […]

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Despite Demand for Apartments, New Construction Slows

June 20, 2012 | 11:21 am

Despite Demand for Apartments, New Construction Slows

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by Aaron Glantz, The Bay Citizen Although rents are soaring and demand for rental units is growing, developers are not building many new apartments, condominiums or homes in the Bay Area, according to a new report.The region added 6,382 housing units between April 2010 and July 2011, an increase of just 0.2 percent, newly released […]

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Chart of Home Value Declines Shows Lots of Red in Sonoma, Napa, Solano, Sacramento

June 29, 2011 | 9:36 am

Chart of Home Value Declines Shows Lots of Red in Sonoma, Napa, Solano, Sacramento

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Nothing like a color-coded chart replete with red dots to drive home the point that the house you bought in 2007 is now worth about half what you paid. As reported in the Wall Street Journal Developments blog yesterday, the real estate site Zillow has mapped housing price declines from their peaks in the metro […]

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Report: Bay Area Home Sales for February

March 17, 2011 | 10:08 am

Report: Bay Area Home Sales for February

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DataQuick this morning released its Bay Area Home Sales Report for February. The report shows the median sale price falling year-over-year for the fifth consecutive month.

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