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Melinda's Real Estate News

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Melinda's Real Estate News

Hello, this is Melinda D. Serving the SF Bay Area in real estate for over 20 years.

01/15/2023

California has 41% of the nation's million-dollar homes
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California had 1.73 million homes valued at $1 million or more in 2021, No. Next was New York with 390,238 million-dollar homes, and then Washington at 214,955, Florida at 204,092 and Texas at 166,306. 21 at 2.5% of homes above $1 million and Florida was 18th with 3.6%.

01/03/2023

SF housing rents fall near Downtown in step with office glut
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Many neighborhoods where rents have declined the most since the pandemic dovetail with rental markets once dominated by office workers commuting into Downtown, Ted Egan, the city’s chief economist, told the newspaper. That trend suggests the city’s residential market remains stymied by office wo...

12/26/2022

Buying a home may not be as out of reach as one may think

Melinda D is a real estate agent with Keller Williams Realty Palo Alto. Check out Melinda D's listings or office listings.

12/25/2022

Bay Area home prices set to keep falling in 2023. Here's by how much
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Home prices in the San Francisco metro area are forecast to see a 3.6% drop in the next year, the largest in the top 20 metros in the country, according to Zillow projections. Statewide, prices are also expected to fall over the next year. Home values in the Bay Area have grown 25% in the past three...

12/18/2022

Here's why new home sales are up along with prices
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The last two data lines account for 7.7 months left in the data.So as you can see, we have a lot of homes that aren’t on the market from the 8.9 months of the supply. We can see why the builders are done building new single-family houses as they have a lot of work left to do ( Article Link). This ...

12/07/2022

Can You Find First-Time Homebuyer Loans With Zero Down?
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You could get a home with no money down, but that may not be a good idea for first-time homebuyers. "If a homebuyer meets the income qualification for this program and is buying a primary residence in one of the USDA (rural development)-eligible areas of the country, this is an excellent loan progra...

11/29/2022

California tenants rise up, demand rent caps from city halls
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But, she said, she also saw people summon the courage “to go before council, to rally, to march, to speak to the press and be exposed in a way that I think tenants were too afraid to do before, but now really felt they had little to lose.” “I really don’t know where my strength came from, to...

11/22/2022

Realtor.com October Housing Report: Number of homes for sale surpasses 2020 levels
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https://www.roomvu.com/nws/pseJAcrz1IuYjgN

Posted in Newport County , Real Estate , Rhode Island In October, the national inventory of active listings grew 33.5% year-over-year to a two-year high; affordability challenges continued to drive home shopper interest in relocating in Q3 kitchen island and barstools Photo by Pixabay on Pexels.com....

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