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Andy Chen, a home seller in California's Bay Area, was dreaming of Waikiki, where he planned to buy a condo, after getting an offer $50,000 over his $1.5 million listing price and with all ...
The San Francisco Bay Area is one of the most unaffordable places to live in the US. A new report explores several solutions that could alleviate the Bay Area's affordable housing crisis, namely ...
After a grueling downturn, home prices in California’s Bay Area are finally rebounding — to the chagrin of buyers still in the market. The median house price in the area gained 5% in August to ...
Mayor Ed Lee responded to the shortage by calling for the construction of 30,000 new housing units by 2020, and proposing a $310 million city bond to fund below-market-rate housing units. [36] The goal of 30,000 new units was approved by San Francisco voters in 2014's Proposition K, [ 37 ] and the affordable housing bond was passed in 2015 as ...
Todd David, executive director of the Housing Action Coalition, a nonprofit that advocates for affordable housing in the Bay Area, said that the current market reminds him of the dot-com boom of ...
The bill was expected to increase below-market housing for the lowest income households. [24] As of November 2019, officials had approved more than 6,000 homes under SB 35, including 4,700 in the Bay Area and 1,600 in Southern California. [25]
Local newspaper The Mercury News reported that in March 2019, the median home sale price for all nine counties of the Bay Area dropped for the first time in seven years. [16] Furthermore, the average monthly inventory of homes for sale in Silicon Valley increased 15% from 2017 to 2018. [ 3 ]
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