Housing

Housing

Bay Area cities must build nearly 450K homes, the state says

Ready or not, the Bay Area’s new state-mandated housing development goals have arrived, and the numbers are bigger than ever before. Bay Area municipalities are expected to be responsible for planning, zoning and approving a combined 441,176 new homes between 2023 and 2030, according to the state’s most recent Regional Housing Needs Assessment (RHNA) determination....

In pricey Silicon Valley, homebuyer perceptions — not prices — have changed

Silicon Valley’s notoriously expensive residential real estate sales may have seen a slump in March and April during the region’s restrictive shelter-in-place orders, but industry insiders say it’s still a seller’s market. The major change in the market during the pandemic has been perception by those hoping the novel coronavirus has helped to plunge sky-high...