Stunning rebound: Bay Area home sales surged nearly 70% from May to June; prices rose 3.6%
Kathleen Pender July 16, 2020 The Bay Area home market saw an enormous resurgence in sales and a modest increase in prices from May to June, as pent-up demand and record-low interest rates collided with sparse inventory, according to a California Association of...
BAY AREA FAMILIES ARE FUELING NAPA VALLEY’S REAL ESTATE MARKET
By NewsMoot Getty The Napa Valley real estate market is booming with multiple offers and bidding wars. Bay area families looking to escape the realities of urban living during a pandemic are fueling the market. Listen to Compass California President Mark...
San Francisco apartment rent prices are dropping fast as tech companies embrace remote work and unemployment rises
PUBLISHED WED, JUL 1 2020 By Aditi Roy Aditi [email protected] The average rent for a one-bedroom apartment in San Francisco fell 11.8% year over year in June, following a 9% year-over-year drop in May. Tech companies like Twitter and Facebook are embracing remote work...
Will Working From Home Spell Doom for the Open Floor Plan?
Lisa Johnson Mandell, provided by For those stuck working at home during the pandemic, we’ve seen the struggles. Lackluster lighting, bad backdrops, and subpar sound have all become staples of our day-to-day work lives. One unspoken contributing factor to our...
Bay Area’s dropping rents will reshape housing market – SFChronicle.com
By J.K. Dineen San Francisco Chronicle, June 9, 2020 The coronavirus pandemic is driving rents down in San Francisco and across the region, reshaping a housing market that for the past decade has generated enormous profits for residential developers while...
San Francisco & Silicon Valley rents plunge amid downturn: ‘Never seen anything like it’
By J.K. Dineen, San Francisco Chronicle The cost of renting an apartment in the Bay Area plummeted in May, as layoffs and the increased flexibility of working from home drove a double-digit drop in some of the nation’s most expensive housing markets. Rents for a...
Video tours? Suburbs? Coronavirus changes how and where we buy homes
By Charisse JonesJessica Menton USA TODAY Jessica Chamorro’s dream of owning her first home was upended in March after she was furloughed from her catering job at a hotel chain in Tampa, Florida. She and her husband, who have three children, had just started their...
California homeowners: Can’t pay your mortgage because of the coronavirus? Here’s what to do – SFChronicle.com
By Kathleen Pender SF Chronicle, May 12, 2020 Mortgage payments loom as many homeowners face a loss of income during the coronavirus pandemic. Here’s what those in financial distress need to know. Q: What should I do if I can’t pay my mortgage? A: The federal...
Why you should think twice about delaying your mortgage payments.
By Anna Bahney, CNN Business Rob Allen and his friends used to talk about sports all the time. These days, the main topic of conversation is mortgage forbearance. Forbearance, an agreement with your mortgage company that allows you to reduce or delay payments for a...
Millions of homeowners are now delaying their mortgage payments.
By Anna Bahney, CNN Busines As the coronavirus continues to wreak havoc on the US economy, millions of homeowners have taken advantage of a government program that enables them to reduce or delay their mortgage payments. The payment relief, or forbearance, enables...