Downsizing Homes Can Save Californians Big Bucks
Homeowners in one California city can save nearly $800,000 by downsizing from a five-bedroom residence to a three-bedroom property.
Homeowners in one California city can save nearly $800,000 by downsizing from a five-bedroom residence to a three-bedroom property.
San Mateo and San Francisco counties have the most-expensive luxury home prices in America, while Alameda County’s Fremont has once again earned accolades for its family-friendliness. Get the skinny on what’s going down in the world of California housing markets in Pacific Union’s latest Real Estate Roundup.
Despite getting another inventory boost in August, the Bay Area’s median sales price rose by more than 10 percent year over year. Pacific Union Chief Economist Selma Hepp offers a detailed analysis of the latest market conditions.
An Alameda County city ranks as one of the top places in America for raising a family, while home flippers in two Oakland ZIP codes netted substantial profits in the second quarter. Keep up to date with the latest housing headlines of interest in Pacific Union’s latest Real Estate Roundup.
Two Bay Area cities count among the nation’s 10 least stressed-out. Also: Owners who sell their homes themselves are leaving a significant amount of money on the table. Get the lowdown on these and other top stories in Pacific Union’s weekly Real Estate Roundup.
The appreciation recorded in the Golden State over the past few years is paying off handsomely for homeowners, though it also means that real estate markets here are among the toughest in the U.S. for first-time buyers.
Anyone who was financially able to purchase a home in California before the dot-com bubble popped is probably feeling pretty good about that decision today, as the state has since produced more than 1,100 owners who became millionaires simply by selling.
Residents of one Santa Clara County city earn median incomes that are roughly four times the California average, while Oakland is being called one of America’s top spots for real estate investors. Get the latest housing stories from around California and the Bay Area in Pacific Union’s weekly Real Estate Roundup.
During the current housing cycle, Oakland has become a hot spot for Bay Area homebuyers who are priced out of San Francisco, so it’s hardly surprising that a new study ranks the city as one America’s fastest-rising real estate markets.