Category: Uncategorized
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Commercial Vacancy Rates in Silicon Valley Exceed 20%
Silicon Valley companies are adapting their requirements for in-person workspaces as employees are reluctant to return to the office. Continue to full article
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Choosing the Right Insurance in California? Expert Tips | A Real Estate Professional serving Silicon Valley since 1993
Evaluate liability and property coverage requirements to safeguard against accidents or injuries and restore your assets. Consult your realtor and lender for personalized insurance recommendations aligned with your home and loan specifics.
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‘Poor’ economy is discouraging development in San Francisco Bay Area, apartment firm says
A developer is requesting a delay on its mixed-use project at Encinal Terminals in the San Francisco Bay Area due to unfavorable economic conditions. Tim Lewis Communities aims to postpone the redevelopment of the former industrial site, which includes plans for 589 homes and commercial space, until the market improves. High construction costs, falling rents,…
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California Home Buying Myths: Fact or Fiction? | A Real Estate Professional serving Silicon Valley since 1993
Expensive properties don't always yield strong cash flows or significant appreciation due to high costs. Small property owners face zoning laws, tenant protections, and costly property modifications alike.
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Things Homeowners Should Check in Winter | A Real Estate Professional serving Silicon Valley since 1993
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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California’s plan to stabilize its home insurance market is now law. Will it work?
California has enacted a law aimed at stabilizing its home insurance market, focusing on encouraging insurers to cover more homes in fire-prone areas and to resume writing new policies across the state. Continue to full article
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Priciest to Buy a House by 2030: California | A Real Estate Professional serving Silicon Valley since 1993
Projected average home price: over $1 million by 2030. High demand due to robust job market.
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Senator Arreguín Introduces Accessory Dwelling Units Bill
Senator Jesse Arreguín has introduced SB 9 to facilitate the development of accessory dwelling units (ADUs) by eliminating the requirement for property owners to reside on-site. This bill aims to address housing displacement and increase housing availability in California. Supporters highlight the growing popularity of ADUs as a solution to the housing shortage, with nearly…
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Bay Area Housing Market: Prices, Trends, Forecast 2024-2025
The Bay Area housing market remains strong, with significant year-over-year price increases and robust buyer interest. In March 2024, the median sold price for single-family homes reached $1,386,500, marking a 15.5% rise from the previous year. While sales activity surged 31.7% month-over-month, there was a 5.4% decline year-over-year. Regional trends show varying price increases across…
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Why Buying a Home in California Outweighs Renting | A Real Estate Professional serving Silicon Valley since 1993
With a rental cost of $161 per 100 sq ft, California has one of the highest rental prices in the US, with avg rents ~$3K/mo. California homes are spacious, averaging 1,860 sq ft, but buying a home offers better long-term value than renting.