Thanks to its location within walking distance of the bustling downtown business district, several top private schools, and Stanford University, Central Menlo Park has become one of the most popular – and pricy – neighborhoods in the city.
Situated in the hills overlooking Silicon Valley, the small town of Los Altos Hills offers its residents seclusion, large lots, and some of the Peninsula’s best opportunities for outdoor recreation.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a study that indicates homes across the country are more likely to sell in winter than in any other season, with the San Jose area leading that trend. Also, Trulia predicts that rising prices will lead to increased activity by move-up buyers in 2014.
Prices for residential solar-power systems have dropped more than 25 percent over the past two years. Together with new financing options, solar power is more affordable than ever for California homeowners.
Two Bay Area regions rank among the top five leading the U.S. housing recovery, outperforming most of the nation in decreased foreclosure activity, growing median price, fewer underwater homes, and rising employment.
Did home flipping make a big comeback in the Bay Area last year? The San Francisco and Santa Rosa metropolitan areas landed on a recent RealtyTrac list of the top 25 markets in which to flip a property.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that median home prices continue to rise in metropolitan areas around the U.S. and in the Bay Area. Also, builders are again looking to hire construction workers but are finding many have left the industry.
Recent news of interest to homebuyers, home sellers, and the home-curious: The number of homes purchased with cash set an all-time high last year in California. Also: Homeowners who refinanced mortgages last year locked in big savings, and foreclosed homes in the Bay Area sold recently at an average 46 percent discount.
The Bay Area has one of the nation’s tightest housing markets, with vacancy rates of just 1.1 percent for single-family homes and 3.5 percent of rental units — offering a strong impetus for homebuilders to step up construction in the area and give a further boost to the local economy.
