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The cost of Berkeley homes has surged during the pandemic, across most price points, and the median, by some measures, has surpassed that of San Francisco. Credit: Pete Rosos The Berkeley real estate market, which has been a world unto itself for decades, has recently entered an entirely new orbit. “I don’t think I have ever seen the market as overheated as it is now, and I’ve been doing this since 1980,” said Alison Teeman, co-owner of Yovino-Young, a Berkeley real estate appraisal company. It’s gone from an incremental annual price increase to “unprecedented” hikes, she said. “I don’t think I have ever seen the market as overheated as it is now, and I’ve been doing this since 1980.” Alison Teeman ....
COVID-19 exacerbates existing issues in Berkeley housing market Lisi Ludwig/File The Bay Area already has one of the highest costs of housing in the nation, which is only exacerbated by the number of UC Berkeley students in need of housing close to campus. However, despite housing prices decreasing with students leaving as a result of the COVID-19 pandemic and restrictions being placed on landlords, Berkeley Tenants Union secretary Matthew Lewis alleged that landlords have been breaking the city s laws. ....