Senate Bill 330, which took effect in 2020, prevents developers from reducing the number of housing units, reducing the number of rent-controlled units, and requires more tenant relocation assistance. On Dec 10, 2020, SummerHill Homes recorded its purchase of a rent-controlled apartment complex, the Meadowood Apartments. Before closing the purchase, SummerHill obtained approval to demolish
Last Mountain View Row-House Development? Read More »
The Newark City planning commission voted unanimously on May 13 to approve a mixed-use development including nearly 1,000 condominiums and apartments to be built near the Union City BART station. The City Council will review the project on June 8. The project was proposed by Integral Communities who has also proposed a project to build
Nearly 1,000 New Union City Condos & Apartments Read More »
Plans submitted by Integral Communities have not been reviewed by Newark’s Planning Commission but they propose building 204 new homes where the car wrecking company Pick-n-Pull is located. The homes would be built on lots between 3,375 and 4,000 sq.ft. in size and would feature double car garages. The project site is west of the
200+ New Homes in Newark? Read More »
The San Francisco Chronicle published an article on April 15 which has a good summary of the real estate trends during the pandemic. “The Bay Area deviated from state and national trends. The nine-county region’s urban ZIP codes saw home prices increase on average by just 4.7%, while its suburban ZIP codes’ home values shot
One Major Bay Area City Has Not Seen Home Values Rise During The Pandemic Read More »
In recent years the amount of money spent fixing up a home, by homeowners wanting to sell, has been insane. Value Of Remodeling Project PROJECT 2020 2019 Add Bathroom (midrange) 77.8% 66.0% Add Bathroom (upscale) 65.9% 65.5% Bath Remodel (midrange) 69.5% 74.5% Bath Remodel (upscale) 52.9% 65.5% Minor Kitchen Remodel (midrange) 100.5% 90.4% Major Kitchen
Selling? … Manage Your Expenses Read More »
