With median home price 19x higher than household incomes, Palo Alto becomes second-least affordable U.S. city to buy a house
Palo Alto is now the second-least affordable U.S. city to buy a home, according to a new report, which tracked housing affordability by dividing median home prices by the median annual household income for 380 cities across the nation.
7 small ways to boost your savings for a down payment on a house
With interest rates ticking up to 7.17% during the last week of April, the typical monthly mortgage payment for a median-priced home is likely out of reach for many first-time homebuyers. Here are seven ways to boost your savings.
Court ruling deals blow to housing law on split lots
In a decision that could upend zoning policies and housing plans in Palo Alto and more than 100 other California cities, a Los Angeles judge ruled this week that a recent law that allows duplexes and triplexes in single-family zones is invalid in charter cities.
Overwhelming majority of recent home sellers ‘regret waiting to sell’
A new survey from Realtor.com and Censuswide reveals that an overwhelming majority of recent home sellers appear to have some regret about waiting to sell their homes. About 79% of those surveyed said they believe they would have been able to take advantage of a hotter housing market had they listed their homes sooner.
Less than 1-in-5 of Californians earned enough to buy a median-priced home in 2023 — and things could get worse
A newly released study by the California Association of Realtors shows that housing affordability dipped…
The sticker shock over high-interest rates is over – but will buyers be able to find a home on the Peninsula?
Spring typically marks the busiest residential market season of the year. Despite higher mortgage rates and the chronic problem of insufficient housing inventory, sales activity…
With 6% commission fee for real estate agents going away, here’s what homebuyers should know
The real estate industry is starting to undergo some dramatic changes following a recent landmark court ruling that has brought an end to the practice…