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Woodminster Real Estate News

Tracking San Francisco Bay Area Real Estate Trends
As a Oakland native, I am passionate about building my business and serving the needs of the people in my community.  I started Woodminster Realty and Property Management with the simple goal of exceeding my clients expectations every time.  It is not the “deal” that drives me, rather it is the opportunity to educate, support and nurture my buyers, sellers, renters and owners through every part of a the real estate cycle.

Alameda County Home Prices are the Fastest Rising in the Nation

Alameda County Home Prices are the Fastest Rising in the Nation

Home prices in the San Francisco area grew faster during the past year than prices in any other U.S. city surveyed, according to a report released Tuesday.

The S&P/Case-Shiller Home Price Index shows prices in the census area that includes San Francisco, Alameda, Contra Costa, Marin and San Mateo counties grew by 10.3 percent in March compared to the same time in 2014.

Prices in the area grew faster in March than any other metropolitan area surveyed in the report. Prices were up 3 percent in March in the San Francisco area compared with February. That’s after a 2.1 percent gain in February, according to the index. The monthly values are not adjusted for seasonal affects. Seasonally adjusted data would make the monthly increases 1.7 percent in March and 3.4 percent in February.

Home prices also rose nationally, with both the 10-city and 20-city indexes published by S&P/Case-Schiller showing growth over both the past year and the past month. The only area that did not experience a month-over-month increase in home prices was New York City.

 

Cover Photo Courtesy of David Sawyer

 

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California Values Improve but at Cost to New Home Buyers

California Values Improve but at Cost to New Home Buyers
California's housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability will persist as well, the California Association of Realtors said Thursday in its 2016 California Housing Market Forecast. The association's forecast sees an increase in existing home sales of 6.3 percent n...
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