Our August 18, 2023 monthly real estate trends show an interesting trend. The average size of house sold in San Mateo spiked upward in eight San Mateo County cities and in Palo Alto, which is at the border of San Mateo County. The spike-up is strong enough and affects enough cities that the San Mateo […]
Average Size Of Houses Sold Spikes Up Read More »
Recent estimates are that 25 million people are being infected with Covid per day in China. This is predicted to last for a few months. Although the connection to real estate in Silicon Valley is not direct and immediate, there is an impact. Interest rates have been driven higher by the Federal Reserve Bank to
25 Million Covid Infections Per Day Read More »
The California government has posted graphs of home production for the Bay Area and for many counties in California. These charts dramatically show how home production has changed since 2010. First, look at the SF Bay Area housing production. The first thing that stands out is that significantly fewer homes are being built after 2010.
Single Family Home Construction Is Shrinking Read More »
Summerhill Homes purchased a 2.4-acre site at 2850 W. Bayshore Road in Palo Alto for $27.5 million through an affiliate. The site currently has a single-story office building. Their proposed development would have 48 three-story townhouses. The rendering of the front of the townhouses is roughly similar to the Echelon Complex built by Summerhill Homes
New Townhouses Coming – Summerhill Homes Read More »
The Federal Trade Commission ordered Opendoor to pay $62M and to stop deceiving consumers about its Service. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection said: Opendoor promised to revolutionize the real estate market but built its business using old-fashioned deception about how much consumers could earn from selling their homes on the
Opendoor iBuyer – nothing innovative about cheating Read More »
