San Francisco condos are the Bay Area’s weakest real estate market. So why aren’t home prices dropping more?
Kathleen Pender Oct. 27, 2020 Updated: Oct. 27, 2020 1:03 p.m. San Francisco is the softest spot in the Bay Area’s mostly booming real estate market, and its condo segment is weakest of all. Inventory has been growing faster than sales, and price reductions — mostly...
California, Sacramento, S.F. home sellers have record equity
Time to test the market? California home sellers walking away with record amounts of cash BY TONY BIZJAK, SACRAMENTO BEE, OCTOBER 22, 2020 Despite the economic downturn caused by the coronavirus pandemic, Californians who sold their homes this summer pocketed record...
Bay Area home buyers scoop up shrinking inventory at furious pace – SFChronicle.com
The Bay Area real estate market continued its roaring recovery in September, as buyers took advantage of ultra-low mortgage rates to scoop up a shrinking number of homes for sale at an astonishing pace. The median price for an existing, single-family home in the Bay...
JP Morgan Chase to spend $30 billion to close the racial wealth gap
By Charisse Jones USA TODAY Amid a national reckoning on racism, JP Morgan Chase says it will dedicate $30 billion to closing the racial wealth gap, from granting loans that help Black and Latino Americans purchase homes to helping the unbanked open checking and...
Experts Weigh On A Hot California Real Estate Market
Ellen Paris , Contributor, Real Estate In April, when Covid hit California’s real estate market hard, I reached out to San Francisco-based Compass California President Mark McLaughlin and CoreLogic’s Deputy Chief Economist Selma Hepp, Ph.D. for their...
So you’re working remotely and want to move? Here are the questions you should ask.
By Jeanne Sahadi, CNN Business Wed. September 23, 2020 If you’ve been working from home for the past six months, you may be ready for a change of scenery and may be entertaining the idea of moving. After all, if you don’t have to be tethered to your...
Moving out of California, even temporarily? Here’s what you need to know about taxes –
by Kathleen Pender, San Francisco Chronicle, Sept 5, 2020 Business groups have been pushing Congress for a decade to simplify how states tax nonresidents. They hope the work-from-anywhere boom will spur lawmakers into action. Californians who worked part of this year...
People are fleeing the Bay Area. But they might not be gone for long – SFChronicle.com
The Bay Area’s high cost of living has become untenable for many frustrated with the shelter-in-place. Some are making permanent moves elsewhere, but others see making their way back post-pandemic. by Anna Kramer, San Francisco Chronicle Sept 7, 2020 Shortly after...
Small landlords dip into savings as their tenants struggle to pay rent
AUG 24 2020 by Diana Olick CNBC @DIANAOLICKCNBC More renters are unable to make their monthly payments, and that is having an outsized impact on the nation’s “mom and pop” landlords. Nearly a third of renters who live in single-family or small multifamily...
Here’s what you need to know about claiming Social Security retirement benefits
MON, AUG 24 2020 by Lorie Konish @LORIEKONISH CNBC Deciding when to claim Social Security retirement benefits is probably one of the most important financial decisions you will make in your lifetime. Yet many people are at risk of failing to pick the right strategy...