A recent look at YIMBY vs NIMBY said that a person's attitude about high-density housing was strongly affected by how urban centers were widely viewed when that person was about 18. Boomers were about 18 years old at a time when urban centers had numerous problems reported. When other generations were 18, urban life was viewed as having more activities, parties, and nightlife. … [Read more...] about Will YIMBY Create Increased Condo Demand?
Los Altos Price Trend Matches Santa Clara County Trend
Several higher-priced Silicon Valley cities show slowing house price increases. Santa Clara County average house prices have a fairly steady upward path. Los Altos house prices have tracked it fairly closely for 12 years. See how Los Altos real estate has trended for other real estate market measures. … [Read more...] about Los Altos Price Trend Matches Santa Clara County Trend
Los Altos Hills Houses Reach All-Time Largest
The Los Altos Hills average size of houses sold reached an all-time quarterly high on Aug 18, 2023. However, the average size of Los Altos homes sold was at the lower side of recent trends. What makes this catch our attention is that the average house size for eight San Mateo County cities (Foster City, Menlo Park, Millbrae, Pacifica, Portola Valley, San Carlos, San … [Read more...] about Los Altos Hills Houses Reach All-Time Largest
Renting Out Your Condo or Townhouse
Assembly Bill 3182 (Civil Code Section 4740 and Civil Code Section 4741) limits the restrictions common interest developments may impose on offering units for rent. It took effect Jan 1, 2021. A common interest development may cap the number of rentals to 25% or more.ADUs and junior accessory dwelling units (JADUs) can not be included in the cap.The cap must not end the … [Read more...] about Renting Out Your Condo or Townhouse
Corona Virus – Larger Lots?
There have been a few reports (without data) that the corona virus pandemic is leading home buyers to prefer larger homes with larger lots. In Silicon Valley the city of Los Altos is known for having lots larger than most other Silicon Valley cities. Comparing house sales price trends for Los Altos to downtown Palo Alto does not yet show any change in preferences. Prices … [Read more...] about Corona Virus – Larger Lots?