Noticed some insane data today from the California Association of Realtors. Bay Area median home prices have skyrocketed in the last year. And much of the gains came in the last month. Check out the median prices of existing single family home sales in Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, [...]
It may be a stretch to attribute an architectural movement to a single television show, but Mad Men and the re-emergence of Mid-Century Modern as the design-du-jour may be just such a case. Whether it’s our aspirational image of the stark lines and breathtaking views of Don Draper’s Manhattan penthouse or the funky furniture at [...]
Reflecting the tight inventory, high demand, and a changing mix of homes for sale, the median price of a bay area home shot up 27% in January. DataQuick reports: A total of 5,501 new and resale houses and condos were sold in the nine-county Bay Area last month. That was down 28.4 percent from 7,688 [...]
As quickly as homeowners have access to fresh equity, they are taking out home equity lines of credit to spend it. The housing ATM machine is back on. HELOCs are up 20 percent in 2012. The Mercury News reports: Last year, banks approved 17,844 home equity lines of credit in the counties of Contra Costa, [...]
There are a lot of ways to try and figure out where home prices are headed. On the way down, we heard a lot of things like “Well, prices can’t go much lower, they are all the way down to where they were back in 2003.” In fact, those comparisons were meaningless. In most markets, [...]
We did a double take when we saw this chart, thinking that two different zip codes had been superimposed on a single graph. But we were wrong: it’s just good old 94303, an area which encompasses East Palo Alto, or EPA, along with sections of Palo Alto proper. Breaking down the data into each individual [...]
According to Case-Shiller, San Francisco home prices jumped last fall. Analyzing data through November, San Francisco area home prices are now back up to where they were in the Fall of 2008. From Standard & Poors: New York, January 29, 2013 – Data through November 2012, released today by S&P Dow Jones Indices for its [...]
