Phil Shea, co-founder and CEO of Chicago-based real estate startup CollegeAnnex, is looking for $1 million. He’s come to San Francisco to find it. Shea, 24, and CollegeAnnex were in the Bay Area as members of Elmspring, a year-old Chicago-based real estate tech accelerator spearheaded by Madison, Wisconsin-based Century 21 Affiliated.
More than 4 million homeowners owe their mortgage lender at least 20 percent more than their homes are actually worth, according to the startling results from Zillow’s first-quarter Negative Equity Report.
During the second quarter of 2015, large West Coast cities offered the best return on investment (ROI) for owners and sellers of rental properties. Four of the top five markets for overall ROI performance last quarter were San Francisco, Seattle, San Jose and Portland, Oregon, according to a report released by All Property Management.