FAIRFIELD-SUISUN, CALIFORNIA
Up, up and away: Bay Area suburban home prices soar while pandemic deepens [Palo Alto Daily News, Calif.]
Dec. 21 Defying a tumbling economy, worsening health crisis and early doomsayers, Bay Area single family home prices jumped to record levels this fall as most counties saw median prices top $1 million.
Buyers snapped up the scant inventory of single-family homes, taking advantage of historically low interest rates and bidding up prices. That raised the region’s year over year median sale price nearly 15 percent in October, to $982,000, according to DQNews and CoreLogic. The figure includes eight of nine Bay Area counties; October sales data from Alameda County was not available.
Bay Area home prices maintained record in November, despite out-migration
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Real estate agent Linette Edwards gives Jonny Price a tour of a single family home for sale on Orchard Court in Orinda, Calif., on Wednesday, December 16, 2020.Scott Strazzante / The ChronicleShow MoreShow Less
2of7Realtor Justin Palmer walks through an Oakmore neighborhood home he recently helped buyers purchase in Oakland, Calif., on Monday, Oct. 19, 2020.Noah Berger / Special to The ChronicleShow MoreShow Less
3of7Yin Yang paints the interior of a single family home being renovated for sale in the Outer Sunset on Monday, October 26, 2020 in San Francisco, Calif.Amy Osborne / Special to The ChronicleShow MoreShow Less
With the first shipments of the Pfizer and BioNTech vaccine arriving in states this week, a widely available and easy-to-access COVID-19 vaccine isn’t far away.
But with some segments of the public still skeptical of getting the vaccine, could real estate brokerages require agents to get vaccinated after a certain point? It likely depends on state law and will be subject to the Americans with Disabilities Act of 1990 (ADA).
“Subject to all the ADA issues which are very valid, I think that’s something they could [require in California],” June Barlow, senior vice president and general counsel of the California Association of Realtors.
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Q&A: How COVID changed our homebuying preferences [The Orange County Register]
Dec. 13 Agents owned their real estate data in the 1980s when Leslie Appleton-Young joined the California Association of Realtors as an economic researcher.
Home listings were published in thick volumes that resembled the phone book, and house hunters had to consult an agent to find a home.
“Then, it was about controlling the information,” Appleton-Young recalled recently. “That’s not the case now.”
Appleton-Young will retire at the end of 2020, ending her 36-year career at CAR, most of them as chief economist. She’s witnessed two market crashes, seen her industry struggle with and adapt to the rise of the Internet, and lately watched as the coronavirus cast a pall of uncertainty over the market.