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 »
Predicting what the economy or even our federal government will do is very difficult. An article in the WSJ by Nick Timiraos has several points to think about. “The lesson of the 1970s is that the Fed is in charge of inflation, and the Fed can’t flinch”. “But the landing could be harder if the
Inflation vs. Recession Read More »
There seems to be ample fear, uncertainty, and doubt about the new senate bill 9 ( SB 9 ). City governments are described as scrambling to enact urgent ordinances. Many of the news reports emphasize that four homes would be built where there is currently only one. The biggest change seems to be that city
SB 9 – California Senate Bill 9 Read More »
With growing pressure on Silicon Valley cities to allow more high density housing it is not a surprise that more new condos were built in Silicon Valley than single family houses. Looking at the 4 largest residential new home builders, for homes built in 2020: Builder SF Townhouse Condo Total Toll Brothers Inc. 29 43
Which New Homes Were Built in Silicon Valley Read More »
