Housing affordability is understandably a concern amongst greater Bay Area residents with plans to move; however, the majority intend to buy. According to an Urban Land Institute (ULI) survey, 78 percent of Bay Area residents that move in the next five years expect to purchase rather than rent.
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California Governor Jerry Brown fully realizes that California real estate is too expensive, but is not certain that much can be done about it. In a recent speech at a Urban Land Institute conference in San Francisco, Brown downplayed the effort at reforming two sets of regulations originally aimed at controlling land use in The Golden State.
One of the most important components of helping a family find the perfect home in San Francisco is helping them find the ideal school for their children. According to Graphiq, Chin (John Yehall) Elementary is the highest rated school in San Francisco, receiving a rating of 98. Lowel High is the top rated high school in the area, with a rating of 97.
Nationwide homeowners who sold during the third quarter of 2015 sold for an average of $40,658 more than what they purchased their home for, translating into an average gain of 17 percent. That was the biggest percentage gain for U.S. home sellers since the third quarter of 2007, according to a recent RealtyTrac report.
As I said about Austin-based Broker ThinkTank, RealTime MLS is what most market associations should have looked to create years ago. Better late than never.