News about Silicon Valley business almost everyday.
SANTA CLARA — Median home prices have increased 37.5% since May 2019 according to Realtor.com data, and while prices grew in that time frame, inventory is down 34.2% compared with typical 2017 to 2019 levels. “In addition to higher median list prices and fewer homes for sale versus 2019, the increase in median price-per-square foot […]
California’s housing market rebounded in April as sales rose on both a monthly and yearly basis, while the statewide median home price exceeded $900,000 for the first time ever, setting a new record-high, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized […]
MILPITAS — KB Home has announced the grand opening of Lumen, its latest new-home community in Milpitas, CA. Prices start at $1.15 million. These new homes have popular interior features like modern kitchens overlooking great rooms, bedroom suites with walk-in closets, and ample storage space. The community’s two-, three- and four-story floor plans feature up […]
SANTA CLARA — In the United States, 40.4% of homes, valued at $19.7 trillion, are at severe or extreme risk when it comes to heat, wind and air quality. To help consumers make more informed home buying and selling decisions, Realtor.com announces the launch of three new climate risk factor scores on its website including Heat Factor, Wind Factor, and […]
LOS GATOS — Lupin Lodge, a historic naturist resort, nestled amidst the scenic hills of Los Gatos, is now for sale at $32.8 million. The property, encompassing 112 acres located just south of the Lexington Reservoir off Highway 17, is a unique gem in the heart of Silicon Valley. Founded during the Great Depression on the […]
Persistently high mortgage rates continue to test California’s housing market as home sales fell for the fourth consecutive month in September, while the median price rose from the year-ago level for the third straight month to record its largest year-over-year gain in more than a year, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) Closed […]
Housing affordability in California slid to the lowest level in nearly 16 years as interest rates stayed above 6 percent for the third straight quarter and home prices remained elevated by a shortage of homes on the market, according to the California Association of Realtors (C.A.R.). Less than one in five (16 percent) home buyers could […]
California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the 250,000-unit sales pace for the third straight month, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized […]
For the third year in a row, 94027 in Atherton, CA, is the most expensive zip code in America in 2022 according to RealtyHop, with a median price of $9,000,000, increasing 0.56% from $8,950,000 in 2021. California has 59 of the most expensive zip codes, the most of any state. Los Angeles has the highest […]
The median home price in California for the month of October dropped from the previous month to $801,190 according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 274,040 in October, according to information collected by C.A.R. from more than 90 […]
Housing demand in California cooled further in July as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). July’s statewide median home price was $833,910 down 3.5% percent […]
California’s housing market continued to downshift in June as housing demand cooled further to levels not seen in the past two years and logged its biggest dip since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June, according to […]