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REAL ESTATE
San Francisco Breaks Ground on 335 Affordable Housing Units in East Cut Neighborhood
San Francisco's skyline is set to get a boost with the addition of 335 affordable housing units in the bustling East Cut neighborhood. Mayor London Breed presided over the groundbreaking ceremony, laying the first stone on what will become a haven for seniors, low-income families, and individuals who have battled homelessness. These two projects, dubbed Transbay Blocks 2 West and 2 East, are part of a strategy to fuel downtown vibrancy and meet lofty housing goals.
New renderings show big plans at former Sunset Magazine campus in Menlo Park
A developer has submitted an application to Menlo Park with new renderings for its project at the former Sunset Magazine campus, showing plans for four buildings that will include 665 new housing units, a 130-room hotel, 324,000 square feet of office space, a Montessori school and nearly five acres of park and green space.
Mortgage payments have grown the most in this U.S. city over the past 2 years—it's not New York or San Francisco
With steep mortgage rates and rising home prices, the cost of financing a home has grown 22% in the last two years, although it varies widely between markets, according to online realtor Redfin. Since May 2022, homeownership costs have grown twice as fast as incomes, putting the dream of owning...
Bay Area median home prices continue to rise
Bay Area home values are once again stretching to new highs, where there is high demand but not enough supply. According to the California Association of Realtors, San Mateo and Santa Clara counties have a median home price of at least $2 million. There are nosebleed levels for San Francisco and Alameda as well.
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