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Tech layoffs slow Bay Area housing market as home prices fall
Add tech business layoffs to the listing of headwinds dealing with the Bay Location housing marketplace. Soaring mortgage rates, economic downturn fears and a volatile inventory market place have all tamped down residence profits and rates in new months from record-setting pandemic highs. Now, moving into the customarily slow winter authentic estate year, escalating uncertainty in the region’s top marketplace is offering would-be purchasers a further reason for pause. “We have shoppers who have been in and out of looking at shopping for,” stated Silicon Valley real estate agent Mary Pope-Useful. “One of them is effective at … Fb, and they reported. ‘I didn’t get laid off, but it does…
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What it’s like to live in the hottest Bay Area real estate neighborhoods now
As the blazing-hot housing market continues to cool across most of California, the Bay Area communities maintaining the strongest growth in home values appear increasingly concentrated in affluent North Bay communities, especially on the Marin County coast, according to the latest data. The Chronicle analyzed data from real estate listings company Zillow to see which ZIP codes across the Bay Area had the fastest average growth in typical home values so far this year, from January to June 2022, as well as over the past year, from June 2021 to June 2022. The analysis took only ZIP codes with populations of 1,000 or more into account, based on U.S. census…
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Has Your Income Property Become a Mattress Stuffed with Cash? – San Francisco Bay Times
By Brandon Miller, CFP– A female donated her grandfather’s footstool to Habitat for Humanity, not knowing there was more than $43,000 stashed within. Oops. Thankfully, she was tracked down and reunited with the hard cash. Hiding cash “under the mattress,” as it had been, is an age-old habit. Although getting some cash in your earthquake/crisis kit is fantastic, squirreling absent stacks of it leaves you vulnerable to misfortune these as theft, fire, or your have forgetfulness. Without having noticing it, you could have hundreds of hundreds, probably even tens of millions, that are sitting idle preferred stashed hard cash if you have an profits home acquired decades in the past…
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Harbour Island Penthouse Sale Reflects a Trending Luxury Real Estate Market in Tampa Bay
Traci Burns, the Smith & Associates Actual Estate Real estate agent who shown and offered the dwelling, noted that “we are seeing a shift and raise in entry price tag level for what is considered luxury genuine estate in Tampa Bay. Intended with impeccable flavor by Restoration Hardware New York/Tampa, this property exemplifies how the luxurious true estate market place has evolved based on customer tastes and demand from customers, not only for citizens inside Tampa Bay but people who are coming from out of our location and state.” The residence had been entirely renovated and absolutely redesigned by Restoration Hardware, with above $500,000.00 invested in the inside style with…
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Is Bay Area real estate the next frontier for crypto?
The serious estate listing reads like your usual Bay Area apartment – a tidy, two-bed room, 1-lavatory, with upgraded appliances, granite counter tops and just a 10-moment bicycle experience to Google headquarters and downtown Mountain View. But the Silicon Valley seller and agent added a sweetener for the crypto-savvy: Provide your presents in bitcoin, Ethereum or other virtual currency and we’re willing to contemplate a deal. “It’s not as challenging as it may well seem,” reported serious estate agent Greg Bryant, who listed the residence for his shopper, a tech skilled. “Sellers really should be less frightened.” Realtor Greg Bryant is seen in the reflection of a mirror as he…
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No holiday discounts in Bay Area real estate
Bay Location homebuyers weren’t locating any Black Friday specials this holiday year, as prices shot up 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in November, marking a different speedy rise in a report 12 months. The increase ongoing across the location, led by mounting median solitary-relatives dwelling prices in San Mateo County (up 23{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the previous 12 months to $1.84 million), Alameda County (up 23{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to $1.2 million) and Santa Clara County (up 21{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to $1.57 million), in accordance to CoreLogic information. Seven of the nine Bay Space counties noticed double-digit gains, with only Marin and Napa lagging powering. 2020 was a sizzling calendar year for property sales, East Bay Compass agent Paddy Kehoe claimed,…
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