Friday, July 21, 2017

FRIDAY - may your choices reflect your hopes and not your fears





- Could Technology Make You More Neighborly?
- Bay Area real estate: Region leads California in cost per square foot — and the tightest housing supply
- Bay Area rent increases leave wage gains in the dust
- Steph Curry did it. How do you lose money in the Bay Area real-estate market?
- The Cost of a Hot Economy in California: A Severe Housing Crisis
- What Do Home Buyers Buy after Moving
- Sheds for Every Kind of Garden

For extra credit reading:
- Can San Jose Revitalize Local Food and Farms in Silicon Valley?
- 5 Healthcare Trends Impacting Medical Real Estate In The Bay Area
- Six Trends Poised to Reshape Homeownership Demand

Enoy!


Bay Area real estate: Region leads California in cost per square foot — and the tightest housing supply - Single-family home prices rose markedly across the state in June — by 7.0 percent from a year earlier, according to a new report by the California Association of Realtors. The price growth was even greater in the Bay Area — up 7.9 percent across the nine counties.The statewide median sale price was $555,150. Compare that with the Bay Area: $908,740.

Bay Area rent increases leave wage gains in the dust - The housing-wage gap highlighted by the report from the Silicon Valley Institute for Regional Studies suggests that it is becoming increasingly difficult for residents in the Bay Area to keep up with the cost of owning or renting a home. Over the five years that ended in 2016, wages in the Santa Clara County, San Mateo County and San Francisco areas have risen by an average of 2.8 percent a year. Over the same stretch, the cost of rental housing has jumped by an average of roughly 9 percent annually, the report by the Silicon Valley Institute stated.

Steph Curry did it. How do you lose money in the Bay Area real-estate market? - The answer to how to lose money on Bay Area real estate seems to be a combination of buying high, and ignoring the first three commandments of home purchasing: location, location, location.

The Cost of a Hot Economy in California: A Severe Housing Crisis - A booming economy, home construction, and apartments that haven’t kept up with demand have all fueled a housing crisis throughout the state. Home prices in Los Angeles, San Francisco, San Jose, and San Diego have surged as much as 75 percent over the past five years alone.  The state has introduced 130 housing measures this year. Among one of the most recent actions, the Senate approved a bill to crack down on communities that have delayed or derailed housing construction proposals. The bill would restrict the ability to use zoning, environmental, and procedural laws to kill projects that may be considered “out of character” with the neighborhood. The bill is expected to be voted on again later this summer.

What Do Home Buyers Buy after Moving - Furniture, appliances, and remodeling projects are among the biggest expenses for new homeowners, who spend an average of $10,600 in the first year of homeownership, according to a recent analysis by the National Association of Home Builders. New owners spend an average of $3,778 on furnishings alone, according to NAHB’s analysis.

Can San Jose Revitalize Local Food and Farms in Silicon Valley? - The Food Works report analyzes how food production, processing, distribution, and restaurants fit into San Jose’s vision of itself for 2040 and the economic impact of food businesses on the city economy. It offers a blueprint for San Jose’s food entrepreneurs, farmers, and eaters, recommending 31 action items‚ including assessing food businesses’ labor needs, studying the feasibility of a wholesale food market, planning for food retail in “urban village” housing developments, and establishing a Food Policy Council.

5 Healthcare Trends Impacting Medical Real Estate In The Bay Area - From Kaiser Permanente to Sutter Health and Stanford Medical, the Bay Area offers plenty of healthcare services for its growing population. The Bay Area’s baby boomers and its large millennial workforce have led to a greater demand for outpatient medical services through medical office buildings. What makes the Bay Area particularly attractive to real estate investors are these strong demand drivers, a huge middle class and aging population and access to technology, according to Everest Medical Properties CEO David Lynn. His company is actively acquiring assets in the Bay Area.

Six Trends Poised to Reshape Homeownership Demand - The pursuit of higher education, among other national trends, is going to play a key role in homeownership rates in the coming years, according to a new study from First American Financial Corporation. The study, dubbed “Six Trends Poised to Reshape Homeownership Demand,” looks at the unique factors that shape U.S. homeownership—and how those factors will influence housing demand in the years to come.


Sheds for Every Kind of Garden - Add a personalized touch to your backyard with a shed that complements your home’s style and your taste. Some of my faves:





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