Bay Area Home Sales Up Slightly, But it’s No 2006

All Homes          #Sold    #Sold    Pct.    $Median   Median     Pct.                                    5/09   5/10   Chng    May-09    May-10     Chng                                                                      Alameda             1,477   1,596   8.1%    $330,000    $390,000   18.2% Contra Costa      1,694   1,704   0.6%   $234,500    $293,750   25.3% Marin                     220   264   20.0%     $620,000    $675,500      9.0% Napa                       121   127   5.0%         $370,000    $350,000   -5.4% Santa Clara         1,688   2,164   28.2%  $445,000   $525,000   18.0% San [...]

Homes Getting Smaller, Cheaper to Compete with Foreclosures

The National Association of Home Builders announced that houses are becoming smaller, a little less than 100 square feet from 2007. New houses are averaging about 2,438 square feet and probably will drop as builders compete with the cheap foreclosures already saturating the market. From the Wall Street Journal’s Developments blog: “We also saw a decline [...]

KB Homes Realizes Justin Bieber Can Sell Houses

What do you do when you’re in Las Vegas,  the biggest real estate glut in the nation, and you need to drum up some kind of interest in thousands of homes? Use tween-dream Justin Bieber’s name. (That alone on Twitter will gain you 25 followers.) KB Homes is trying to cash in on ”Bieber Fever” by offering a chance [...]

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