San Jose predicted to be nation’s hottest market again in 2019

KASA Real Estate Team Real Estate Leave a Comment

Is San Jose on deck to be the hottest real estate market in 2019? If so, it would be the second year in a row the South Bay neighborhood takes that title. But not all signs point to “yes.” Despite some recent cooling in the Bay Area market overall, San Jose experienced the nation’s highest year-over-year appreciation in home values and …

Here’s how much California Airbnb hosts make on average

KASA Real Estate Team Real Estate Leave a Comment

More than 89,000 Californians have opened their homes to Airbnb guests over the last year, earning about $12,000 annually on average. Los Angeles County led the state in most Airbnb guests, with 2.7 million in total, generating $613 million for hosts combined. San Diego County followed behind, with 1 million guests and $213 million in host income. Read the full …

Three major banks suspend lending for shipyard home purchases

KASA Real Estate Team General Interest , Real Estate Leave a Comment

Three major banks have stopped offering mortgages for homes at the former Hunters Point Naval Shipyard, an extraordinary move likely to complicate the already troubled effort by the city and developers to transform 500 acres of waterfront in San Francisco. Read the full article here: No mortgages for SF Shipyard homes…    

Why S.F. rents are likely to remain the highest in the nation

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San Francisco rents are down slightly in 2018, but are still the highest in the nation, and likely to remain there according to research from Zumper. In its annual wrap-up report, the rental site showed that, once again, San Francisco had the highest median rents in the country, with a median of $3,560 for a one-bedroom apartment and a two-bedroom median …

San Francisco’s Most and Least Expensive Neighborhoods in 2018

Adam Ettenson Real Estate Leave a Comment

For a city that boasts a median home sale price of $1.34 million, it was interesting to look at the top 50 most expensive neighborhoods of the Golden Gate City and compare the numbers. It’s worth pointing out that neighborhoods in the top 50 all post a median home sale price above $1 million, similar to the 50 most expensive neighborhoods in …

Nine New Affordable Housing Developments Slated For South Bay

Adam Ettenson Real Estate Leave a Comment

More affordable housing is on its way to the South Bay as Santa Clara County supervisors on Tuesday voted unanimously to use Measure A funds for nine different developments targeting low-income tenants. The approval means more than a thousand new affordable housing units will be built in the county in the next two to three years. Read the full article …

Airbnb landlords agree to pay San Francisco $2.25 million

KASA Real Estate Team General Interest , Real Estate Leave a Comment

The San Francisco Chronicle reported that Darren and Valerie Lee agreed to pay the money as penalties and investigation costs. City Attorney Dennis Herrera announced the settlement Monday, calling the penalty an important deterrent to others seeking to illegally profit from the city’s housing crisis. Read the full article here: Landlords turned 17 SF apartments into…