Associated Press
California home sales moderated in February as mortgage rates spiked in recent weeks, while tight housing supply continued to constrain demand, especially in more affordable markets, the California Association of Realtors recently said.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 462,720 in February, according to information collected by CAR from more than 90 local realtor associations and multiple listing services statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
Provided by Dow Jones
By Nicole Friedman The residential real-estate market is on its biggest tear since 2006, just before the housing bubble burst and set off a global recession. Yet in nearly every meaningful way, today s market is the inverse of the previous boom. Anthony Lamacchia, a broker and owner of a real-estate company near Boston, entered the industry in 2004. Home buyers were trading up to bigger, more expensive houses after barely a year, he said. Many buyers paid small down payments, or none at all. When housing prices stopped rising, the market collapsed. By 2009, Mr. Lamacchia was working with clients desperate to dump the homes he had just helped them buy.
Skip to main content
Currently Reading
Take an inside look at the priciest home for sale in the Bay Area - a 74-acre property with a past
Historic Green Gables estate is on the market for first time ever
FacebookTwitterEmail
The Green Gables Estate in Woodside.John Storey / Special to the Chronicle
Just a few minutes drive off Highway 280 in one of the wealthiest enclaves of Silicon Valley, the most expensive property currently listed in the Bay Area is hiding in plain sight.
The century-old, 74-acre Green Gables estate in Woodside has come on the market for the first time ever. The property is less home and more sprawling estate, with seven houses featuring panoramic views of the Western hills and the Bay, three swimming pools, gardens, a tennis court, a football field-sized Roman pool and extensive grounds.
Idaho s Economy Gets High Marks in Best States Rankings wtop.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtop.com Daily Mail and Mail on Sunday newspapers.