TenX, a real estate auction and analytics company, calls the San Francisco real estate market–and, by extension, our own market–unhealthy. With housing demand strong and prices stable or rising in most Silicon Valley neighborhoods, how can this be?
We made another Top 10 list recently, and like all the Top 10s I’ve reported on, this one has baggage. We only came in seventh this time, not even a podium finish, but I still think it’s worth noting.
“In 2014, the median price of a [Palo Alto] house with less than 1000 sq.ft. of living space surged 40 percent.”
Josh Lipton, “Gigantic Price Tags”, PBS Nightly Business Report, January 16, 2015
You just knew that Boomers had to be good for something, and it turns out we are! We’re aging!
In the ongoing crusade to turn data into meaningful information into big bucks, Money Magazine has named Milpitas the 29th most appealing small town in America. It’s one of only two Bay Area towns–Pleasanton came in 31st–to make the list. I, personally, have no opinion concerning Milpitas (which might mean “little cornfields”, according to Money) because I’ve…
The unholy marriage of journalism and statistics has produced yet another ugly baby.
This week the real estate industry is in turmoil over Rupert Murdoch’s News Corp.’s offer to purchase Move Inc., the operator of Realtor.com. Last month it was in turmoil over Zillow’s offer to buy Trulia. That’s lotsa turmoil.