FRIDAY - you've got the butterflies all tied up
- 10 Storage Solutions for Kitchens With Character
- Home prices see highest increase since 2007
- Survey Finds Investors Shifting to Niche Properties
- San Jose City Council Lowers Rent Control Cap to 5 Percent
- Fast and fresh: Casual dining scene changing quickly in Bay Area
- Bay Area rents still rising, just not as quickly as before
- 9 Ideas for Brick That Break the Mold
Enjoy!
Home prices see highest increase since 2007 - According to RealtyTrac’s March and Q1 U.S. Home Sales report, home sellers in March sold their homes for an average 17 percent gain, or $30,500 more than the purchase price, making it the highest average monthly price gain for home sellers since December of 2007. The largest gains occurred in San Francisco with a 72 percent gain. This was followed by San Jose, California with gains of 60 percent; Boulder, Colorado with 53 percent; Prescott, Arizona with 51 percent; and Los Angeles at 48 percent. However, in California, increased home prices have caused a slower start to the spring home-buying season, with a decrease of 4.7 percent in home sales from March 2015
Survey Finds Investors Shifting to Niche Properties - More real estate investors are turning to niche properties and away from investing in single-family homes and multifamily properties than they have in recent years, according to a C.A.R. survey of its members about their interactions with real estate investors. C.A.R.’s 2016 California Investor Survey found 10 percent of investors purchased commercial, land, mobile homes, or other types of properties in the past year, up from 7 percent in 2015 and 6.7 percent in 2014. Given a lack of inventory of distressed homes on the market, the share of single-family homes being purchased by investors has been declining gradually since 2013. Seventy percent of investors purchased single-family homes in 2016, down from 78 percent in 2013.
San Jose City Council Lowers Rent Control Cap to 5 Percent - Local rent control applies only to units built before 1979, which makes up about one-third of the city’s apartment stock. State law prevents the city from extending rent control rules to apartments built any later. The council’s decision imposes a 5 percent cap, but it also allows landlords to bank unused increases and pass along building improvement costs up to 8 percent the following year.
Fast and fresh: Casual dining scene changing quickly in Bay Area - As real estate and business costs increase and the restaurant industry in the Bay Area gets more saturated, competition is heating up, and the old ...
9 Ideas for Brick That Break the Mold - Bricks are as beautiful as they are useful, as these out-of-the-ordinary designs reveal. Some of my favorites:
