FRIDAY - skip the straw, drink from the cup
- Buying a Home in San Francisco Is About to Get Even Harder
- Homeowners are using rental income earned through Airbnb to refinance mortgages
- Lack of Housing Inventory and Deleterious Effects of Affordability Take Toll on January Home Sales
- Proposition 13 rollback pushing to make ballot
- Stylish 500-Square-Foot Backyard Unit Packs It All In
- How to Get More Plants for Free
Enjoy!
Where are Homes Selling the Fastest? - Realtor.com® reports that days-on-market dropped in 78 percent of the 500 places it tracked in December 2017. Cities in California continue to see some of the quickest sales in the country. The following metro areas saw properties spend the shortest amount of time on the market in December 2017 compared to a year ago:
San Jose-Sunnyvale-Santa Clara, Calif: 37 days
San Francisco-Oakland-Hayward, Calif.: 45 days
Vallejo-Fairfield, Calif.: 45 days
Buying a Home in San Francisco Is About to Get Even Harder - Housing in America’s most expensive region is going to get even pricier. For all the talk of the U.S. tax overhaul hitting wealthy blue-state real estate, the San Francisco Bay area is set for more home-price gains. Its technology-fueled economy and persistent housing shortage are sending values ever higher -- and that may get even more pronounced as tech share sales mint millionaires in San Francisco and Silicon Valley. The San Jose region -- which includes Silicon Valley towns such as Palo Alto and Cupertino -- saw the median home value soar 21 percent last year to $1.17 million, while inventory dropped 41 percent to “crisis levels,” according to Zillow. In areas from Oakland to Marin County, the story is the same: too much demand and too little supply.
Homeowners are using rental income earned through Airbnb to refinance mortgages - Homeowners are now using rental income earned through Airbnb to refinance their mortgages. It's a pilot program launched just a few weeks ago that took off quickly, and new loans are already closing. It's another program from mortgage giant Fannie Mae designed to help more borrowers get better loans in today's tight mortgage market. Airbnb already tracks the income data and will now provide documentation for a mortgage application.
Lack of Housing Inventory and Deleterious Effects of Affordability Take Toll on January Home Sales - California’s housing market dropped below the 400,000-level sales benchmark for the first time in nearly two years as sales declined on both a monthly and annual basis, C.A.R. reported.
Proposition 13 rollback pushing to make ballot - [If passed, the new law] taxes certain commercial and industrial real property based on fair-market value—rather than, under current law, the purchase price with limited inflation. Exempts agricultural property and certain small businesses. Dedicates portion of any increased revenue to local services and to supplement, not replace, state’s minimum-funding guarantee to schools. [...] Net increase in annual property tax revenues of $6.5 billion to $10.5 billion in most years, depending on the strength of real estate markets. After paying for county administrative costs and backfilling state income tax losses related to the measure, the remaining $6 billion to $10 billion would be allocated to schools (40 percent) and other local governments (60 percent).
Houzz Tour: Stylish 500-Square-Foot Backyard Unit Packs It All In - This accessory dwelling unit in Portland, Oregon, has everything — and can do everything — the homeowners need
How to Get More Plants for Free - These techniques will let you grow your garden by creating new plants from those you already have
